Thai Agriculture Reels From Drought in Blow to Ailing Economy
By Randy Thanthong-Knight https://www.bloomberg.com/asia
February 14, 2020, 4:00 AM GMT+7
A villager walks around a dry Yom River in Phichit province, north of Bangkok, on Jan. 15. Photographer: Chaiwat Subprasom/SOPA Images/LightRocket via Getty Images
Thailand is scaling back production forecasts for key agricultural commodities because of a drought
Running Dry
Thai exports of economic crops are expected to fall due to tighter supply
The impact will be felt not just in agriculture but also in industry, according to Bank of Ayudhya Pcl, a Thai unit of Mitsubishi UFJ Financial Group
Riceexpects 7.5 million tons of exports in 2020, down from about 7.6 million tons a year earlier, when a strong baht hurt the competitiveness of Thai produce.
Rubberfungus blight
Sugar
Sugar output may tumble roughly 30% to 9 million tons to 10 million tons, while cane output is forecast to fall below 90 million tons from about 130 million tons in the previous season, according to the Thai Sugar Millers Corp.
Read More: Worst Thai Drought in 40 Years Is Hammering Sugar Production
By Randy Thanthong-Knight https://www.bloomberg.com/asia
February 14, 2020, 4:00 AM GMT+7
- Rice, rubber, sugar hurt by worst drought in four decades
- Rains forecast to be below normal in first half of wet season
A villager walks around a dry Yom River in Phichit province, north of Bangkok, on Jan. 15. Photographer: Chaiwat Subprasom/SOPA Images/LightRocket via Getty Images
Thailand is scaling back production forecasts for key agricultural commodities because of a drought
Running Dry
Thai exports of economic crops are expected to fall due to tighter supply
The impact will be felt not just in agriculture but also in industry, according to Bank of Ayudhya Pcl, a Thai unit of Mitsubishi UFJ Financial Group
Riceexpects 7.5 million tons of exports in 2020, down from about 7.6 million tons a year earlier, when a strong baht hurt the competitiveness of Thai produce.
Rubberfungus blight
Sugar
Sugar output may tumble roughly 30% to 9 million tons to 10 million tons, while cane output is forecast to fall below 90 million tons from about 130 million tons in the previous season, according to the Thai Sugar Millers Corp.
Read More: Worst Thai Drought in 40 Years Is Hammering Sugar Production
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