 Agriculture
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16 Nov 06 18:56
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Farm, agro-industry exports promising, says Kasikorn
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TNA
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BANGKOK, Nov 16 - Thailand's exports of farm and agro-industrial products are expected to expand continuously next year although at a slower pace, according to the Kasikorn Research Centre.
The leading economic think tank said that exports of farm products remained subject to certain risk factors including the United States economic slowdown, the stronger baht, fuel price volatility, and changes in rules and regulations on the part of importing countries.
However, Thailand's expanding export markets continue to grow, supported by higher demand on the world market as farm production in many countries has declined due to unfavourable weather conditions.
In addition, it is expected that competition in farm product exports in the world market would ease because some producing countries had suspended certain kinds of exports.
For instance, Vietnam had temporarily suspended its rice exports since local output had declined in response to natural disasters.
KRC said Thailand's exports of farm products still looked promising since rivals had experienced stricter examination of chemical residues in farm products by major importers.
For instance, Japan suspended imports of squid from Vietnam because it found chemical residues. Japan also initiated more strict examinations and control over shrimp exports from Vietnam.
So, it is a good opportunity for Thailand to take advantage of Vietnam's temporary absence from the market to export shrimp to Japan, KRC said. (TNA)
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