A farmer harvests rice in Kalasin province. (Photo: Yongyuth Phuphuangphet)
Farmers’ debt is expected to increase by 8% or 89.3 billion baht this year, following a drop in crop yields, especially rice and rubber, as a result of the El Niño impact, according to economics analyst Aat Pisanwanich.
Total debt in Thailand’s agricultural sector is estimated to stand at 11.7 trillion baht.
El Niño, a cyclical phenomenon that causes ocean warming, will cause world…
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