Govt Invites Public to Buy Fruits From Thailand Post26 Mar 2023
BANGKOK (NNT) - Thailand Post has launched a promotion to encourage the domestic consumption of Thai fruits and reduce surplus production.Deputy Government Spokesperson Ratchada Thanadirek announced that the harvest season for fruit crops has started in the Eastern Economic Corridor, encompassing the provinces of Chonburi, Rayong and Trat. The expected 2023 production volume is around 1.16 million metric tons, with the highest yields in April for durian, producing 756,000 tons, and those in May for mangosteen producing 184,000 tons.To promote domestic consumption of Thai fruits and reduce surplus production, Thailand Post has launched a special promotion for fruit farmers and customers wishing to send fruit parcels. Starting at a price of 50 baht for parcels not exceeding 3 kg, the service offers flat-rate fees for those weighing up to 20 kg, including express mail service (EMS) with standard delivery nationwide. Customers can access the service at any Thailand Post branch.Orders can be made via the Prompt Post application or the website “promptpost.thailandpost.com”, with simple steps for box reservations, pickups at the chosen post office and box labeling for delivery.
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Businesses Operators Expect Growth to Exceed 3% in 202326 Mar 2023
BANGKOK (NNT) - According to a survey conducted by the University of Thai Chamber of Commerce’s (UTCC) Institute of Trade Strategies, business owners are optimistic about Thailand’s economic growth prospects this year.The poll found that business operators expect the economy to grow by over 3% in 2023, driven by an expected increase in the number of Chinese tourists visiting the kingdom and money circulation from the general election. The survey involved business operators nationwide, 76% of whom run small businesses in various sectors, including services, trades, industries and agriculture. Respondents indicated that their business performance was similar to that of last year, but they expect prospects to improve within the next six months, ultimately returning to pre-pandemic levels. The further easing of the disease control restrictions has allowed for an improvement in business and economic activities. The tourism sector is meanwhile recovering amid the return of Chinese tourists, while the general election is expected to boost cash flow.However, respondents also cautioned that the business sector still needs to navigate inflation, minimum wage hikes and volatile energy prices, which affect business expenses. Nevertheless, those surveyed projected that the Thai economy would grow by 3.35 to 3.82%, or 3.42% on average, in 2023. Intense campaigning during the general election is also expected to put 100 to 120 billion baht into circulation during the months April and May, boosting overall GDP growth by 0.5 to 0.7%.
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Energy Ministry to Adjust Prices Without Impacting Cost of Living25 Mar 2023
BANGKOK (NNT) - The Ministry of Energy has announced that it will adjust energy prices to reflect the true costs without impacting people’s cost of living, following a recent decline in global energy pricesThe ministry also called on political parties to avoid promoting unrealistic energy price policies that could have a negative impact on Thailand’s energy infrastructure and fiscal discipline.Phisut Phienmonkun, Secretary to the Minister of Energy, said the ongoing conflict between Russia and Ukraine is causing volatile energy prices, triggering an economic crisis in some countries and impacting Thailand’s domestic energy market. The ministry has already issued several measures to assist the public during this period, including reducing marketing margins for oil retailers, providing oil price subsidies from the Oil Fuel Fund, and slashing taxes on fuels. With energy prices now falling, the ministry aims to adjust prices to reflect true costs while ensuring that future budget issues are avoided.
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Ministries Implementing Measures to Ensure Quality of Thai Fruits24 Mar 2023
BANGKOK (NNT) - Thailand’s fruit harvest is expected to increase by 3% in 2023, with authorities seeking to implement measures to ensure the quality of these products.Department of Internal Trade Director-General Wattanasak Sur-iam stated that this year’s harvest is projected to increase by 3% to 6.78 million tonnes due to colder weather from the end of 2022 until early this year. The agency has also organized meetings with relevant agencies to explore how to further manage the supply and control the quality of Thai fruits being exported to markets around the world. According to Wattanasak, the agency is partnering with the Ministry of Agriculture and Cooperatives to implement 22 measures focusing on four areas: production, domestic marketing, foreign marketing, and legal issues. These measures include inspection and certification of Good Agricultural Practice (GAP) standards for farmers, utilizing a contract farming model to pre-purchase fruits, assisting farmers and businesses in distributing their products outside their areas, as well as arranging for mobile grocery stores to purchase and sell fruits during their peak season.The Ministry of Commerce has set a 4.44 million tonnes export target for fresh and processed fruit products, a 10% increase in quantity and value from 4.04 million tonnes worth 263 billion baht in 2022. The ministry also aims to boost domestic fruit consumption while maintaining high demand from international markets such as China throughout 2023.
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DTN Matches Small, Stand-Out Food Producers With Chinese Importers24 Mar 2023
BANGKOK (NNT) - The Department of Trade Negotiations (DTN) has been encouraging small-scale farms and businesses to leverage free trade agreements to expand their export markets. The DTN Business Plan Award 2022 project was carried out last year as part of this effort. The 10 winning entrepreneurs from the project are now being matched with Chinese importers via online business matching sessions.DTN Director-General Auramon Supthaweethum delivered certificates to 10 winners of its DTN Business Plan Award contest. The winners are makers of agricultural products, processed agricultural products, and food whose quality conforms to export standards. The products supplied by these businesses include dried fruit, juice, coconut crispy rolls, crunchy brownies, flavored peanuts, shrimp crackers, cocoa, and condiments. The entrepreneurs had engaged in online business matching sessions with 17 Chinese importers from Kunming, Shanghai, Guangzhou, Xiamen, Qingdao, Chengdu, and Hong Kong. A total of 43 matches were made. Interest was also had from modern trade stores and e-commerce platforms. A total of 150 million baht of orders are expected to result from these matching sessions.DTN Business Plan Award 2022 was the 4th event of its kind. The project is aimed at improving entrepreneurs’ knowledge of FTAs, international trade, marketing, and business planning. One target for the project is to foster export advantages for Thai businesses, especially with respect to the Chinese market. Ms. Auramon indicated the latter is a large market with some 1.4 billion people.Thailand exported 22.721 billion USD worth of processed agricultural products in 2022. This was a 17.81% increase from 2021’s figure. The value of processed agricultural products exported to China was 1.431 billion USD – an expansion of 17.28% on-year. Key export items include wheat products, packaged food, canned and processed fruit, brown sugar, beverages, and pet food.
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Commerce Ministry Rolls Out Proactive Price Boosting Measures For Thai Fruits22 Mar 2023
BANGKOK (NNT) - The harvest season for tropical fruits in Thailand is approaching in a couple of months, with more than 6 million tons of produce expected to hit the market. The Ministry of Commerce is introducing a set of measures to maintain the prices of these products, with a goal to raise the exportation of Thai fruits by 10%.In a meeting presided over by Ms. Sansern Samalapa, an assistant to the Minister of Commerce, delegates from government agencies, private firms, farmers, wholesalers, retailers, petrol stations, airlines, and financial institutes discussed 22 measures to stabilize the prices of Thai produce, as the Ministry of Commerce is working with related agencies on various aspects including manufacturing, domestic and international marketing, and legal matters.The ministry now aims to ensure the Good Agricultural Practice (GAP) certification for no less than 120,000 crops, establish advance purchase agreements for 100,000 tons of produce, and transport 90,000 tons of produce from farms at a nominal price of 3 baht per kilogram.The Ministry of Commerce has also raised its export goal for fresh and processed fruit products by 10% from last year, with a target figure of 4.44 million tons.According to the Department of Internal Trade, the Ministry of Commerce last year executed 18 proactive measures together with its partners to address fruit pricing and export issues, resulting in a 44% increase in average pricing across almost all kinds of fruit, compared to the figure from 2021.
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Energy Min says it will adjust energy prices while being mindful of people’s cost of living21 Mar 2023
BANGKOK (NNT) - The Ministry of Energy says it will adjust energy prices in ways that do not impact people’s cost of living, in light of the recent decline in global energy prices. Meanwhile, it is calling on political parties to avoid campaigning on unrealistic energy price policies that would spell disaster for the energy infrastructure and fiscal discipline.Phisut Phienmonkun, the secretary to the minister of energy, said the situation of energy prices remained volatile due to the conflict between Russia and Ukraine. The energy situation has triggered an economic crisis in some countries and has impacted Thailand’s domestic energy prices. He said the Ministry of Energy continues to closely monitor the situation and has coordinated with relevant agencies to prepare to address potential energy-related issues that may develop.The ministry has so far issued several measures to assist the public in light of the energy prices situation. The measures addressed prices of oil fuel as well as electricity. Cooperation was asked of oil retailers to reduce their marketing margins and the Oil Fuel Fund was drawn on to provide oil price subsidies. Some taxes on fuels were also slashed in the interest of mitigating impacts on the public. Meanwhile, the amount of reserve oil was managed in accordance with the nation’s energy security needs.Mr. Phisut said now that energy prices are falling, the energy ministry will adjust prices to reflect the true costs to avoid creating future budget problems. He disclosed that the electricity FT rates for the May-August cycle will be similar to those applied in the September-December 2022 cycle. This would be true for rates applied to households as well as industrial operations.The ministerial secretary also urged political parties to not campaign for the general election using unrealistic energy price reduction policies. He said this would create impossible hopes among the public and such policies would impact the national energy infrastructure and fiscal discipline.
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Income Budget Approved for Animal Feed Farmers18 Mar 2023
BANGKOK (NNT) - The Cabinet has approved a budget of 716 million baht to finance an income guarantee program for maize farmers who supply the animal feed industry. In addition, another one-billion-baht budget was endorsed to fund a program aimed at collecting animal feed and raising its value for the Thai agricultural sector. The income insurance scheme for maize growers will ensure a base price of 8.5 baht per kilogram for maize with 14.5% humidity or less. The scheme is applicable to yields from June 1, 2022, to the end of May 2023, as well as those from November 2022 to April 2024.According to Deputy Government Spokesperson Ratchada Thanadirek, farmers registered under the Department of Agriculture Extension are eligible for the program. Each household will be guaranteed up to 30 rai of maize, while yields produced cannot be from the same plot in each submission. The program aims to provide farmers with a safety net and protect them from sudden drops in maize prices.The other one-billion-baht program, allocated to collecting animal feed and increasing value to the Thai agricultural sector, will provide low-interest loans to farmers who need liquidity to run their operations. The fund will also be used to purchase maize from growers. The project’s duration starts from the date of Cabinet approval and will run until the end of June 2024.
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Thai Industrial Sentiment Near 4-Year High in February18 Mar 2023
BANGKOK (NNT) - Thailand’s industrial sentiment in February reached its highest level in 47 months, bolstered by a rebound in domestic demand and tourism, but weak exports remain a concern.The Federation of Thai Industries (FTI) said its industries sentiment index rose to 96.2 in February from 93.9 in January, marking a return to pre-pandemic levels.The government said the tourism sector - a key driver of Southeast Asia’s second-largest economy - is expected to see 25-30 million foreign tourists this year, after beating its target in 2022 with 11.15 million visitors.FTI Chairman Kriengkrai Thiennukul told a news conference that positive factors include China’s border opening and the lower costs of raw materials.The FTI’s index, which projects industrial sentiment over the next three months, also increased in February.The group urged the government to avoid any disruption in public spending when Thailand holds a general election in May.The group said industry was still concerned about falling exports as global demand weakened at a time of high global interest rates and inflation as well as currency volatility.Exports, also a key driver of Thai growth, dropped for a fourth straight month in January as global demand weakened. The FTI expects exports to be flat or fall up to 1% this year.
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