Page 25 - FoodFocusThailand No.183 June 2021

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Need to Know
to enjoy growth in Thailand and on the global market.
Such trends are pivotal to subsequent increases in
hemp farming investments. The global industrial hemp ศููนย์์วิิจััย์กสิิกรไทย์ ประเมิินเบื้้�องต้้นวิ่าในปี 2564 ราย์ได้้กัญชงจัากการปลููก
market turnover is projected to reach USD 4.748 billion แบื้บื้ระบื้บื้เปิด้อาจัจัะอย์ู่ท่�ราวิ 0.2-1.0 ลู้านบื้าทต้่อไร่ เน้�องจัากราคารับื้ซื้้�อ
in 2020, and accelerate to USD 18.608 billion by 2027,
or a CAGR of 22.4 percent p.a. (Source: Allied Market ท่�สิูงเพราะผลูผลูิต้ท่�ย์ังมิ่จัำกัด้เป็นหลูัก ขณะท่�ต้้นทุนการปลููกอาจัต้้อง
Research, December 2020) ใช้เงินลูงทุนถึึง 0.3-1.5 ลู้านบื้าทต้่อไร่ ทำให้เป็นไปได้้วิ่าผู้ลูงทุนปลููกกัญชง
While demand for downstream products will likely
see a positive trend of growth, one issue facing อาจัต้้องใช้ระย์ะเวิลูาค้นทุนประมิาณ 4-5 ปี
potential hemp farmers in Thailand is their ability to
remain competitive in price and quality, especially if KResearch has preliminarily assessed that the income from
import restrictions on raw hemp and hemp extracts outdoor hemp farming in 2021 may average THB 200,000 to 1
are lifted. Not only will Thailand’s upstream hemp million per rai, due to its high price which mainly stems from its
products be weighed against substitute goods in terms limited supply. At the same time, the cost of growing hemp may
of quality and price, but they must also be of premium range from THB 300,000 to 1.5 million per rai. For this reason,
quality with affordable price that will allow them to a payback period for hemp farming could be around 4-5 years.
compete against raw hemp and hemp extracts from
overseas. These are issues to be considered when it
comes to hemp farming.
• In addition to the competitiveness necessary in
downstream industries, successful hemp cultivation be able to account for potential shortcomings during the payback period which could
rests on several conditions, especially knowledge of take several years.
good agricultural practices, investment in outdoor/ KResearch has assessed that the sales turnover of dried hemp flowers harvested
greenhouse/indoor farming, and appropriate product from outdoor cultivation - which yields around 20-40 kilograms per rai - may be
management. Thus, the processes will not be simple, approximately THB 200,000- 1 million per rai in 2021. This high price range can be
and new farmers must go through trial and error on attributed to the limited amount of products currently available in the market, whereas
their own during the initial phase. For this reason, the cost of growing hemp is expected to be as high as THB 300,000-1.5 million per
investors must study the processes thoroughly and rai. Hence, the payback period for hemp farmers may take as long as four to five

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