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.
Thailand Agriculture
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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.
A new set of agricultural strategies for the 2012-16 period were approved by the Thai cabinet at a meeting in mid-March, with much of the focus placed on improving food sustainability, promoting the cultivation of high-quality produce and enhancing international competitiveness.
Economic update | Thailand: With or against the grain
13 Oct 2011
Despite criticism from economists, a new national rice policy committee, chaired by Thailand’s recently appointed Prime Minister, Yingluck Shinawatra, and approved by her new cabinet, is moving ahead on a promise to buy rice from farmers at well above global prices.
Economic update | Thailand: Organic growth potential
18 Oct 2010
Thailand’s state and private sector are joining forces in a bid to develop the country’s small organic agriculture sector into a major export earner. However, finding the right incentives to convince farmers to make the switch from traditional methods is proving difficult.
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