In Thailand, the agricultural sector has experienced several significant changes in 2024. The government is focusing on improving the incomes of farmers, with an ambitious goal to triple their net income by 2027KASIKORN RESEARCH. This plan includes implementing precision farming techniques, improving crop varieties, and enhancing water management systemsNATIONTHAILAND. Additionally, Thailand is facing challenges like fluctuating prices for crops such as durian, which saw a price surge despite an 18% drop in productionKASIKORN RESEARCH. Furthermore, Thailand has been adjusting to global agricultural shifts, with changes in exports like cassava and rice, which are projected to decline due to shifts in demand from markets like ChinaKASIKORN RESEARCH. The government’s ongoing policy changes are aimed at bolstering agricultural infrastructure, enhancing market capabilities, and promoting high-value products to strengthen the sectorNATIONTHAILAND.
