Deposits
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Drought and Flood Risk 2024: Impacts on agriculture and related industries
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Impacts on agriculture and related industries
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In 2020, Thailand is at greater risk of severe drought than in 2016, with clear signs of Weak El Niño
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Super El Niño and the Risks of Extreme Drought and Flooding in 2026–2027
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The cassava industry will face a challenging environment over the period 2024 to 2026. Supply will tend to contract as the effects of the El Niño-induced drought take their toll on domestic outputs, and these problems will be further compounded by the spread of cassava mosaic disease and a shortage of cassava stem cuttings for use in planting. However, demand from downstream industrial consumers, especially the food processing and ethanol industries, will strengthen due to the ending of the pandemic, the reopening of the country,
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Krungsri Research sees the Thai sugar industry contracting through 2024. Although the domestic market receives the positive impacts of recovery in the tourism sector and an improving outlook for the restaurant business, the contracted exports due to the effects of drought on agricultural outputs offset those positive impacts. However, the situation will improve over 2025 and 2026 thanks to the emergence of La Niña conditions and thus of a more favorable climate; the high price of sugar and the incentive effects of this on supply growth;
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Cascading economic sudden stops led by the virus crisis
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Global: Lower risk of recession but economy could slow down ahead
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Global: Challenges on the path to a soft landing
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