Thailand Agriculture

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Showing steady and continuous growth in output and value added since the early 1960s, Thailand’s agriculture and plantations sector has been a major contributor to national income and the fight against rural poverty. With its products renowned throughout the world, particularly its rice, Thailand has also been an important international granary...

Despite the political and social challenges that marked late 2013, Thailand’s economy has remained stable and is poised for further growth in the coming years. However, concerted action by the public and private sectors will be needed for the country to avoid the middle-income trap of stagnating productivity and to maintain its stance as a top Asian economy.

Chapter | Agriculture from The Report: Thailand 2014

The agriculture sector’s contribution to GDP has fallen from an average of 32.19% during the 1960s to 23.2% in 1980 and 9% in 2000. However, by 2007 the share had risen to 10.7%, and recent estimates have suggested that the sector now accounts for some 13% of GDP. With its products renowned throughout the world, particularly its rice, Thailand has also been an important international granary at...
The government in Thailand is hailing a recent agreement with China as a significant step towards reducing its extensive rice stockpile. However, critics of the programme, which offers growers a minimum price for their crops, say that the deal with Beijing will put only a dent in Thailand’s so-called rice mountain.
A major overhaul planned for Thailand’s agricultural sector next year will see the government roll out a zoning initiative as part of a two-pronged bid to optimise crop production and reduce expenditure on price-support schemes.
A new memorandum of understanding (MoU) with China could help Thailand tackle its rice oversupply problem and may also serve to pad government coffers. However, many onlookers are sceptical about the true potential for change.

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