Thailand’s fruit exports projected to increase by 4% in 2024

[webfact]

Expectation for a 4% increase in the volume of fresh and processed fruit exports this year has been projected by the Commerce Ministry, driven by a strong demand. Commerce Minister Phumtham Wechayachai, after a meeting with ministry officials and fruit-related representatives, expressed optimism about fruit exports. The ministry predicts a 4% increase in both volume and value of fresh and processed fruit shipments, with an anticipated total of 4.19 million tonnes worth 300 billion baht (US$ 8,703,855,000).

 

Forecasts for fresh fruit exports alone indicate a 4% volume increase to 2.1 million tonnes, and an expected 5% increase in value to 175 billion baht (US$ 5,077,248,750). Notably, China is the principal market, accepting 75% of total exports, followed by the US, Malaysia, and Hong Kong.

 

Data from the ministry reveals that in the first 11 months of the previous year, Thailand exported fresh and processed fruit worth 284 billion baht (US$ 8,239,649,400). Fresh fruit accounted for 178 billion baht (US$ 5,164,287,300), which was a 27% increase from the previous year, while frozen and dried fruit totalled 50.1 billion baht (US$ 1,453,543,785), a 25.2% increase. However, processed fruit exports decreased by 10.4%, reaching 56.3 billion baht (US$ 1,633,233,217), reported Bangkok Post.

 

To reach the set target, the ministry plans to encourage production and processing by fast-tracking the certification of 120,000 GAP-certified farms and promoting the processing of durian, longan, and mango, with a target of 320,000 tonnes, said Wattanasak Sur-iam, the Director-General of the Internal Trade Department.

 

by Alex Morgan

Picture courtesy of Bangkok Post

 

Full story: The Thaiger 2024-01-04

 

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[keith101]

With the value of the baht expected to increase the possibility of higher exports may not meet expectations 

[retarius]

Must be the season for predictions. The one thing you can say about financial predictions and that they are wrong almost always WRONG. I think it will be 3.8% and my guess is as good as anyone on the planet and if I get it right, it will not be because I know the future, but because of chance and luck.

[PETERTHEEATER]

With the Red Sea embargo the extra journey time around the Cape should ripen up durian nicely for the Europen market. Rotterdam; stand by to evacuate!

[Mavideol]

8 hours ago, keith101 said:

With the value of the baht expected to increase the possibility of higher exports may not meet expectations 

exports will increase as demand increases maybe by 4%,  but the baht value is high thus less or same income