Tuesday, November 2, 2010

Thai floods kill 68, destroy crops, threaten economic growth. 1

I had founded news about affecting from flood to harvest. 

Thai financial ministry said that "The deluge may cause as much as 20.2 billion baht ($674 million) of damage and pare economic growth in Southeast Asia’s second-biggest economy by 0.2 percentage point this year"

The state agency said that "About 4 million rai (1.6 million acres) of agricultural land has been affected, according to the Office of Agricultural Economics, equivalent to 3 percent of available farmland. The main rice crop, which accounts for about 75 percent of annual output, may shrink 4.3 percent this year"

In this month, South East Asian will meet deluge. From this situation, its killing hundreds of people and affect to farmland in many parts of Thailand.

Due to this situation from the first estimate that Thailand may get 23 millions metric tons will decrease to 22 millions tons. Sugar cane and cassava have a bit destroyed from flood.

In my opinion, Thai government should plan how to get benefits from 22 million tons and plan how to help farmer because from this situation farmer can not earn benefits as they should. In the sense of economy, I think the government should slightly export rice to other countries because shortfall of rice may caused of rice priced increased in the future.



credit: http://www.thairiceexporters.or.th/Int%20news/News_2010/int_news_291010-1.html

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