ANN/THE NATION – Thai farmers saw an increase in income in November 2024, with average agricultural earnings rising by 21.9 per cent year-on-year. The growth was largely driven by higher prices for key commodities such as rubber, pineapple and sugarcane.
Thailand’s Commerce Ministry’s Trade Policy and Strategy Office attributes the strong agricultural performance to factors such as rising global demand for Thai products, favourable weather in certain regions, and successful government support for farmers.
However, regional variations in performance were observed across the country.
The farmers in the central region benefited from higher prices for pineapple products, while those in the northeastern region saw increased earnings from sugarcane and rubber.
However, farmers in the northern region faced challenges due to lower prices for paddy rice and feed corn.
The southern region experienced the biggest growth in farmers’ income, rising 218.5 per cent.
This was driven by higher prices for rubber and palm oil, supported by strong global demand and supply constraints.
In addition to the agricultural sector, Thailand also witnessed a surge in visitor income during November, with a 12.4 per cent increase nationwide. All regions reported growth in tourism revenue, driven by increased marketing, improved infrastructure, and Thailand’s strengths as a tourist destination.
