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Positive growth driven by improving farm prices


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Positive growth driven by improving farm prices




BANGKOK: -- Thailand’s leading supplier of consumer products remains confident of the country’s economic growth this year with improving farm prices as main driver.


This was voiced by the chairman of Sahapat Group, Mr Boonyasit Chokewattana yesterday.


Sahapat is a major consumer products supplier, with its major products include Mama instant noodles.


Mr Boonyasit said the general outlook for the national economy for the remainder of the year is promising with positive growth a real possibility.


He attributed the improvement to the appreciation of agricultural prices as the main driving force.


This has allowed a significant improvement in farmers’ purchasing power.


He said overall the climate this year has directly contributed to agricultural production with adequate water supplies helping to increase farmers yields.


Consumer spending for the first five months of the year however is slow for clothing, fashionable goods and cosmetics. This is attributable to the general state of mourning still being felt by the Thai people for the passing of His Majesty King Bhumibol Adulyadej.


However he revealed that sales for foods has increased significantly growing by 10% overall. This is especially so for sales of Mama instant noodles which grew by 6 -7%.


Full story: http://englishnews.thaipbs.or.th/positive-growth-driven-improving-farm-prices/

-- © Copyright Thai PBS 2017-06-07
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21 hours ago, webfact said:

Sahapat is a major consumer products supplier

Economic growth may benefit Sahapatbut not necessarily the farmers and their laborers. And that's where there is the greatest income inequality.

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