Although Thailand in recent years has focused on creating a more modern economy the agricultural sector still remains crucial. Its agriculture sector accounts for less than 10% of GDP however involves approximately 35% of the country’s entire labor force. Thailand is blessed with fertile arable land across the Kingdom and is amongst the world leaders in rice, sugar and tropical fruit exports.
Its agricultural industry however has been faced with a host of issues that have impeded growth, resulted in supply volatility and poor quality harvests and produce. These issues involve shortages of water, natural disasters and inefficient use of pesticides. Thailand almost annually faces a combination of floods and droughts which cost the country USD billions in lost crop production and income. Such damages are made worse due to ineffective agricultural practices and lack of investment in drainage systems and water reservoirs. Thailand at times has been required to go as far as implementing water rationing in its capital Bangkok to combat water shortages.
Thailand precarious situation is dangerous to its food security in terms of availability and quality. This combined with Bangkok’s severe levels of pollution, which have placed it 9th in the world for air quality, make it an ideal locality for the implementation of hydroponic systems. AGRI Developments believes this is the future and has initiated the development of a hydroponic facility to meet the growing needs of Thailand’s urban populous.
Thailand is highly reliant on pesticides, ranking fourth in annual pesticide consumption worldwide.
Thai PAN has found 56% of fruit & vegetables in Thailand, have chemical pesticide residues above the maximum allowable limit.
Thailand fairs poorly in the Global Food Security Index, ranking 54th in the world behind Botswana and Serbia.