An economic study of foreign demand for Thai cassava products
Date
1977
Authors
Sanguanwongwan, Kanchana
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Cassava products have become one of the most important
exports of Thailand since 1960. About 95 per cent of total production
of cassava is exported. Most of the cassava products are
exported in the form of chips, meal and pellets as a raw material
for animal feed production. Thai cassava products for animal feed
are mostly exported to the European Economic Community (EEC) countries,
especially the Federal Republic of Germany, the Netherlands and Belgium.
Since 1962, the quantity of Thai cassava products
exported to these three countries has been increasing considerably.
This was due to the introduction of the Common Agricultural Policy
in the EEC which raised the prices of grains. In turn, this increased
the feed compounder demand for grain substitutes such as
cassava in order to lower the cost of feed production. At the same
time, these three countries also have been expanding their livestock
industries which induced the increasing use of cassava in feeding
livestock.
Estimation of foreign demand for Thai cassava has been
attempted. The results indicated that changes in substitute prices
had different effects on cassava imports in each country and so did
the change in livestock numbers. However, on the aggregate demand
equation, livestock numbers were the most important factor explaining
the changes in demand for Thai cassava. The projection of foreign demand for Thai cassava has
indicated that in 1980 the projected level of cassava imported by
these three countries together will be 1,945 thousand tons on the
assumption of constant price and 2,552 thousand tons on the assumption
of continuation of price trend.
Nevertheless, it can be concluded that Thai cassava
trade is not quite as successful as it should be. Recommendations
are given for improving the existing standard (quality) of the
products.
Description
Keywords
Citation
Collections
Source
Type
Thesis (Masters)
Book Title
Entity type
Access Statement
License Rights
Restricted until
Downloads
File
Description