Showing 1 - 10 of 23
Ministry seeks border trade growth of 1% despite conflict
Business, Phusadee Arunmas, Published on 03/05/2024
» The Commerce Ministry is targeting border trade growth of 1% this year, attributed to political instability in neighbouring countries, including the armed conflict in Myanmar.
Warning over minimum wage increase
Phusadee Arunmas, Published on 29/04/2024
» The University of the Thai Chamber of Commerce (UTCC) said that if the government raises the minimum daily wage to 400 baht nationwide, it may lead to GDP growing at at a rate below 2.6% and increase the rate of inflation to 3%, affecting consumer purchasing power.
Commerce Ministry touts rice sales to many nations
Business, Phusadee Arunmas, Published on 25/04/2024
» The Commerce Ministry is promoting government-to-government (G2G) sales of rice to Indonesia, while pledging to move ahead with plans to negotiate a similar sale with China.
Rice exporters predict higher prices in Q2
Business, Phusadee Arunmas, Published on 08/04/2024
» Rice exporters expect global prices will increase in the second quarter because of the impact of the El Niño climate phenomenon and India's rice export restrictions.
Agro-industrial sector encouraged to diversify markets
Business, Phusadee Arunmas, Published on 06/03/2024
» Agricultural businesses are recommended to diversify export markets, reduce risk and increase the value of food products and processing, as a Commerce Ministry study found the majority of export-oriented agricultural products are commodities or those with only basic processing.
Rice exports set to dip 14.4% this year
Business, Phusadee Arunmas, Published on 02/02/2024
» Thailand's rice shipments are expected to fall by 14.4% this year because of lower production and greater competition, according to the Foreign Trade Department.
El Niño to push up farm debts
Business, Phusadee Arunmas, Published on 30/01/2024
» Farmers' debt is expected to increase by 8% or 89.3 billion baht this year, following a drop in crop yields, especially rice and rubber, as a result of the El Niño impact, according to economics analyst Aat Pisanwanich.
Government to try new strategy with rice deals
Business, Phusadee Arunmas, Published on 17/01/2024
» The Commerce Ministry is scheduled to negotiate on Thursday the sale of 1 million tonnes of rice to Indonesia under government-to-government (G2G) deals, while pledging to move ahead with plans to negotiate a similar rice sale with China.
Shippers upbeat on Thai rice price levels
Business, Phusadee Arunmas, Published on 15/01/2024
» As long as India maintains its ban on white rice exports, local shippers remain optimistic that Thai rice prices should stay relatively high in the first half of this year.
Ministry vows to steady agricultural product prices
Business, Phusadee Arunmas, Published on 11/01/2024
» The Commerce Ministry has pledged to stabilise agricultural product prices and address the root causes of issues faced by farmers.