Wednesday, May 11, 2022

Economic boost: Thailand eyes ASEAN leadership status for both organic food production and cannabis tech –

Thailand has been injecting investments into the development of its organic foods sector for several years now under the national Action Plan on Organic Agriculture (2017-2022), implementing over 340 projects over the past five years.

According to the Thailand Ministry of Agriculture and Cooperatives (MOAC), these efforts have yielded fruit in the continuous increase of organic exports from Thailand over the years, which showed an average growth rate of 44.46% yearly from 2017 to 2020.

“Thailand’s major organic export products which saw significant increases include rice, durian, mangosteens, young coconut, coconut milk and green tea, and between January to November 2021 the organic export market was valued at THB1.24bn (US$36.2mn),”​ MOAC said via a formal statement.

“Organic rice is our main key export with a value of THB879mn (US$25.7mn) last year, and major importing markets include the United States, Hong Kong, Italy, Vietnam, China and Switzerland.

“It is Thailand’s goal to become the leader in organic food production in the ASEAN region and we will continue working towards this based on the Principle of Sufficiency Economy in order to achieve this.”

The Principle of Sufficiency Economy is a national philosophy based the fundamental principles of Thai culture, emphasising development based on moderation, prudence, and social immunity, and guided by knowledge and virtue.

To continue its quest to reach the top spot in ASEAN organic development, MOAC is currently developing the Action Plan on Organic Agriculture (2023 – 2027). Significantly, this upcoming policy is slated to have increased focus on technology and downstream development of the organic food supply chain.

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