Thailand Aims to Become Hemp Production Hub

[snoop1130]

 

BANGKOK (NNT) - The government is proceeding with plans to make Thailand a regional manufacturing center for hemp products over the next five years, with the goal of generating at least 25 billion baht in revenue.

 

According to Industry Minister Suriya Jungrungreangkit, the value of hemp cultivated and harvested in Thailand is projected to grow by at least 20,000 baht per rai, creating more jobs throughout the industry supply chain.

 

Suriya added that the move is in line with the industry’s expansion, fueled by the relaxation of legal restrictions on commercial hemp in the United States, Canada, Australia, the European Union, China, Japan and South Korea.

 

According to the industry minister, the global hemp industry was worth 142 billion baht in 2020, representing a 22.4% increase over the previous year. The value is expected to reach 558 billion baht per year by 2027.

 

Thongchai Chawalitpichet of the Office of Industrial Economics (OIE) meanwhile said the ministry has also tasked his agency with developing an operational plan to support the promotion of hemp as the nation’s newest cash crop. He also said at least four major measures have since been established and are expected to be implemented upon approval by all parties involved.

 

-- © Copyright NNT 2022-07-08

 

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[stoner]

4 minutes ago, snoop1130 said:

BANGKOK (NNT) - The government is proceeding with plans to make Thailand a regional manufacturing center for hemp products over the next five years, with the goal of generating at least 25 billion baht in revenue.

 

According to Industry Minister Suriya Jungrungreangkit, the value of hemp cultivated and harvested in Thailand is projected to grow by at least 20,000 baht per rai, creating more jobs throughout the industry supply chain

you can buy hemp products on alibaba for very competitive pricing. chinas hemp game is already on point. 

 

so the thai government seems to think that thai hemp is going to raise the value of a product that other people already produce cheaper ?

 

got rice ? 

[pokerface1]

47 minutes ago, stoner said:

you can buy hemp products on alibaba for very competitive pricing. chinas hemp game is already on point. 

 

so the thai government seems to think that thai hemp is going to raise the value of a product that other people already produce cheaper ?

 

got rice ? 

There cheap and then there's cheaper perhaps thailand will give away free cookies with every hemp product sold ????

[stoner]

25 minutes ago, pokerface1 said:

There cheap and then there's cheaper perhaps thailand will give away free cookies with every hemp product sold ????

quality and price will run the market

[Kenny202]

Thailand 4.0, hub of everything including wild exaggerations, child like fantasies, getting abilities mixed up with ambitions and last but not least space exploration ????????????

[Nsp64]

Jeez.....another hub.

Dilusional, self absorbed people.

[BKKTRAVELER]

4 minutes ago, Nsp64 said:

Jeez.....another hub.

Dilusional, self absorbed people.

Thought the same, it's time they stopped calling themselves a hub for everything they do...

[Laughing Gravy]

The reason for the obsession with hubs is that Thailand lacks creativity, planning, ingenuity and critical thinking. They are pretty good at copying another idea but fail to grasp the micro and macro economics related to the business. Basically they have the delusional idea thinking that 'they can do that , so can we'.

 

Hence the constant need to call for a hub. It is a shame really, as Thailand has great potential with its abundance of resources, great weather and strategic location in the world. But with this mindset and also one where the elite see the 'minions' to be treated as dirt and dispensable, I doubt anything will ever change.

Edited July 11, 2022 by Laughing Gravy

[Kenny202]

11 minutes ago, Laughing Gravy said:

The reason for the obsession with hubs is that Thailand lacks creativity, planning, ingenuity and critical thinking. They are pretty good at copying another idea but fail to grasp the micro and macro economics related to the business. Basically they have the delusional idea thinking that 'they can do that , so can we'.

 

Hence the constant need to call for a hub. It is a shame really, as Thailand has great potential with its abundance of resources, great weather and strategic location in the world. But with this mindset and also one where the elite see the 'minions' to be treated as dirt and dispensable, I doubt anything will ever change.

I think you are giving far too much credit for even copying ideas. That suggests some type of execution of someone else's ideas. It's more just child like fantasy rhetoric. Give em something sweet and they'll eat it. My company tried to do business here at one stage and apart from the games and shenanigans, as my boss stated....they promise you the world and give you an atlas. And always expect credit and props for something before it has been done. Buy now pay later  

[2baht]

6 hours ago, Nsp64 said:

Jeez.....another hub.

Dilusional, self absorbed people.

Well, they need something to hang on to, there's little else!

[Reposed]

Thailand's motto is no longer, Amazing Thailand....

 

They have officially  changed it to Hubba Hubba.

 

To pronounce properly, make sure to use a long, drawn out rising tone on the last syllable.

[zzaa09]

12 hours ago, stoner said:

quality and price will run the market

No......the government and market mafias will determine most everything. 

Much as it is most everywhere.

[wombat]

There is a whole world out there waiting for hemp cloth...wait for the cotton growers screams of pain

[wombat]

23 minutes ago, Reposed said:

Thailand's motto is no longer, Amazing Thailand....

 

They have officially  changed it to Hubba Hubba.

 

To pronounce properly, make sure to use a long, drawn out rising tone on the last syllable.

Just call it Billyland and be done with it?

???? 

Edited July 12, 2022 by wombat

[stoner]

17 minutes ago, zzaa09 said:

No......the government and market mafias will determine most everything. 

Much as it is most everywhere.

nope. you are obviously not really connected to the cannabis market. 

[jacko45k]

1 hour ago, wombat said:

There is a whole world out there waiting for hemp cloth...wait for the cotton growers screams of pain

I am waiting for the fashionable soi Buakhao hemp shorts and singlet look .....

[PETERTHEEATER]

20 hours ago, stoner said:

you can buy hemp products on alibaba for very competitive pricing. chinas hemp game is already on point. 

 

so the thai government seems to think that thai hemp is going to raise the value of a product that other people already produce cheaper ?

 

got rice ? 

????

[hotchilli]

On 7/11/2022 at 5:18 PM, snoop1130 said:

The government is proceeding with plans to make Thailand a regional manufacturing center for hemp products over the next five years, with the goal of generating at least 25 billion baht in revenue

Dreams, wishes, fantasy, blah blah.

[Olmate]

20 hours ago, jacko45k said:

I am waiting for the fashionable soi Buakhao hemp shorts and singlet look .....

Apart from some coffee type retailers I dont see much enthusiasm for the 'BS' around Buakhao.