ABSTRACT
No other sector in the Thai economy is as oriented to international markets as agriculture. Although it has been contributing less than a fifth of the Gross National Product throughout the 1980s, its share in Thailand's export trade remains close to a half. Most of the goods produced by the sector (accounting for about three-quarters of the value added in the agricultural sector) are considered as traded goods; that is, they are traded in international markets. Movements in these markets thus have considerable impact on their prices, and consequently on producers' incomes.
