Thai ag exports rise by 17.6% to $3.24B
The economy is expected to take off strongly in the second half of the year, driven by growing exports, higher private investment, improving farm prices and accelerated infrastructure development, said Porametee Vimolsiri, secretary-general of the National Economic and Social Development Board (NESDB). "Exports are likely to grow more than projected, thanks to the overall global economic recovery," he said.
The Commerce Ministry reported last week that Thai Agricultural and agribusiness exports rose 17.6% year-on-year in May, fetching $3.24 billion, helped by higher shipments of rubber, sugar, rice, vegetables and fresh fruits particularly durian, shipments of which jumped 159.3% from the same period last year.
Total Thai exports jumped 13.2% year-on-year in May to US 9.9 billion (676 billion baht), the highest in more than four years, as the global economic recovery helped boost demand and shrug off the impact of the baht's appreciation. The rise in May exports was far above the 8.4% growth in April, driven by increases in demand for several products.
source: bangkokpost.com
