Floods in Thailand this year worse than last year

Floods in Thailand this year worse than last year

 The Research Center of Kasikorn Bank (KResearch) indicated that this year's flooding has harmed the agricultural sector more severely than it did last year, causing 20 billion baht (657.68 million U.S. dollars) of economic losses, a report said Wednesday.

According to KResearch, the flooding situation in Thailand this year is projected to be more severe and cause a wider scope of damage, especially on agriculture, than last year.

As flooding began late July this year, one month earlier than last year, agricultural losses are expected to stand at 20 billion baht (657.68 million U.S. dollars), as opposed to 16 billion baht (526.14 million baht) last year.

The 2011 GDP in the agricultural sector would fall from the estimated 22.7 percent to around 21.4 percent.

Approximately 12 million rai (19,200 square kilometers) of farmland have been destroyed by recent floods.

Editor: Wang Guanqun

English.news.cn   2011-09-21 16:10:20 FeedbackPrintRSS
BANGKOK, Sept. 21 (Xinhua)