Thai durian exporters and orchard owners have expressed serious concern that China’s recent imposition of Good Manufacturing Practice (GMP) certification.
The system for ensuring that products are consistently produced and controlled according to quality standards, on Thailand’s “king of fruits” will negatively affect durian exports to China and suppress the price of the fruit.
Only about 20% of durian exporters in Thailand’s southern provinces, and about 50% of the exporters in the northeastern region, have GMP certification, according to durian trading sources.
There are fears that, if the number of exporters who buy durian for export to China is substantially reduced because of imposition of GMP, the price of durian may drop to less than 100 baht per kg.
The sources pointed out that the harvest season in the South is due to start at the end of this month and lasts through August. About 400,000 tonnes of southern durian are expected to be harvested this season.
Governments most exposed to coronavirus have strong fiscal and external buffers
Moody’s baseline assumption is that the economic effects of the outbreak will continue for a number of weeks, after which they will tail off and normal economic activity will resume.
As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement.(more…)
Bank cuts Thai 2020 GDP growth outlook to 2.7%
SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019
SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020 will have grown by 2.7 percent, showing a s recovery from just 2.5 percent economic growth in 2019, thanks to a better performing export sector and improved global economy.(more…)
BOI steps up investment promotion measures in the EEC
The measures will be in effect from January 2, 2020, to December 2021. Applicants can sign up for the new privileges, with no deadline set for registration.
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