The industry of agriculture & agricultural products Thailand is generating several billion baths a year. This is true in considering their economic value. Indeed, agriculture holds an essential part of the way Thai people live. This is also the reason why Thailand’s law is continuing to further promote and offer incentives to the people. This is to say the people investing in the industry.
The wide diversity of processed food items and agricultural products contribute more to the national economy of Thailand. That’s why Thailand has earned its reputation as the Kitchen of the World. It made its name as the strategic hub for the production of food. This is true to the rest of the world and all over Asia. This is also due to the entire year of the growing season, biodiversity, well-educated and skilled workforce, and low labor costs.
And almost forty-one percent of the total area of land in the country is meant for agriculture. This resulted in more than eighty-percent of raw materials obtained from the local producers. These are just offered at their lower prices.
Entrepreneurs in Thailand agriculture and the food processing industries strive more in introducing innovative technologies. The government of Thailand is promoting more policies in supporting the production of food at higher standards of quality and safety. The goal is to further expand the food exports to newer and more potential markets. This is to say considering the countries of UAE, India, the US, Russia, Australia, China, and ASEAN.
Food Demand Continues to Grow
South-east Asia and South Asia continue their food demand as they also grow their populations. Their incomes expand as well in the entirety of the regions. Indeed, Thailand provides huge opportunities for food processors.
The Thailand processing industry currently consisted of more than thirty-thousand processed food-related factories. The yearly earnings accumulated to about 25-billion dollars.
Many more investment prospects also come up in the areas of the manufacture of organic fertilizer, biological fertilizers, bio-pesticides, and organic chemical fertilizer; economic plantation in the forest, plant for the animal breeding, animal husbandry or animal propagation, aquatic animal and livestock propagation, aquaculture or livestock husbandry, and more.
Thailand Will Continue Exporting Agricultural Products
Thailand is known as a top producer & exporter of agricultural products. That also includes all other essential food products in South-East Asia. The profile of the population is aging up quickly. That’s when the labor situation is also becoming more transparent than ever. Almost 7.5 million people aged 65 years old and more are known in the country. This figure is expected to increase to about 17-million just in 2040. And this already represents more than a quarter of the population.
In effect, more programs are developed in enhancing & developing the production capacity of farmers. This is the only way that the country can rely on itself in a sustainable way. People will have a good quality of life. The government is introducing innovation and technology. They also enjoy having a stable income.
Farmers will also benefit more from the new agricultural machinery and the latest innovation. They will step into the new agricultural era. People will be using machines as a tool. These will also be very convenient and precise thereby reducing the loss of productivity and budget.
The income and the population expansion throughout the regions are indeed interesting. These are also added by several factors such as the use of innovation and technologies. All these combined are one reason why agricultural products Thailand is also on the rise. Now, you have just realized how bright the future is in matters concerning agricultural products Thailand!