In the first year after the AEC came into effect on December 31, 2015, Thailand’s exports of agricultural products to the other nine Asean countries increased in value by 10.4 per cent year on year to Bt321.54 billion. Average export value in the 2010-14 period was Bt261.45 billion.
“The export of Thai agricultural products to Asean countries increased continuously this last year under seamless trade,” said Aat
“However, exports to CLMV countries will shrink, as those countries have higher potential for growing crops. To benefit from rising agricultural production in CLMV, Thai enterprises need to expand their investment into processed agricultural products in those countries for re-export to other Asean countries and the world market.”
Exporters who did not benefit from the AEC blamed complicated non-tariff barriers, higher costs of production in Thailand compared with other Asean countries, and the fact that Asean is not a major export market for their particular products.
While opportunities for mangoes in Asean are expected to fall, bananas are predicted to enjoy higher exports.
1 Bt = 0.028 USD
source: nationmultimedia.com
It said demonetisation can hit supply of milk, where procurement has been low, while low cane availability in some states would reduce sugar output. In addition, lower planting can hit supply of potatoes and onions.
agricultural products becoming in 2017-18 what pulses was in 2015-16 in terms of supply deficiencies and consequential higher inflation,” the Survey said.
However, on the whole, the Survey was upbeat about agricultural growth accelerating to 4.1% as farms recover
However, on the whole, the Survey was upbeat about agricultural growth accelerating to 4.1% as farms recover
“Vigilance is essential to prevent other
It said demonetisation can hit supply of milk, where procurement has been low, while low cane availability in some states would reduce sugar output. In addition, lower planting can hit supply of potatoes and onions.
It said demonetisation can hit supply of milk, where procurement has been low, while low cane availability in some states would reduce sugar output. In addition, lower planting can hit supply of potatoes and onions.
