Thai agricultural sector to expand in 2nd half of 2014


BANGKOK, July 31 —  Thailand’s Ministry of Agriculture and Cooperatives reported agricultural economic pderformance to the public saying that the sector has expanded by 0.8 per cent  compared with the same period of last year, and the ministry predicts sector growth by around 3 per cent for the year.

Permanent Secretary of Agriculture and Cooperatives Chawalit Chukajorn said that during the first half of the year, the sector grew by 0.8 per cent, due to the expansion of produce, livestock, and agricultural services.

Yields of crops such as, rice, sugar cane, corn feed, rubber, palm oil, longan, and durian have increased, while the production planned in the first 6 months of the year coincides with the current political situation. Improved production standards have stimulated product expansion.

Besides, livestock products have also seen higher exports, though fisheries and forestry divisions have declined.

For the second half of the year, Office of Agricultural Economics (OAE) secretary-general Anan Lila sees the sector growing by about 2.1-3.1 per cent, in the same divisions as the first half of the year.

Likewise, shrimp production would also increase later in the year.