Branch 2 300/138 Moo. 1 Tambon Tarsit, Amohoe Pluag-daeng, Rayong (Translation) 2 baht or 38.82%, this was due to a severe drought and lower of usable water that caused extensive damage to the farm

the country as much as possible, resulting in disruption of many businesses. In addition, the drought situation has reduced the income of the labor and farmers sector greatly. Gross Profit and Gross

) Management’s Discussion and Analysis | 2 Executive Summary In 2017, palm oil production in domestic and international market had improved since recovery from drought causing by El Nino effect in 2016. As palm

1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm

plunged in December 2019 hitting a minimum record of 300,000 tons in year 2019, attributed to the lower crude palm oil output driven by the country’ s drought-affected area. In contrast, crude palm oil

downturn in the goods-producing sector intensified, while agricultural output continued to fall amid a lingering drought. Consequently, annual private consumption growth moderated, while business and

million baht or 15.75% of the same period of sales in 2018. Mainly because of the prolonged drought that resulted to less rainfall and low water level in reservoirs which unfavored for agricultural

revenue from the core business in 2Q2020 was Bt666.61mn, decreasing 17.1% YoY, mainly from a decrease of the middle-to-low income population’s purchasing power due to drought and Covid-19 pandemic, as well

power of those consumers relying on agricultural income have been affected by the drought and low commodity prices. However, the impact on private consumption is expected to be eased to some extent by

, mainly from lower excessive charge, higher cost of goods sold during drought period and higher depreciation costs of new projects. Share of Profit from Investments in Associates from Utility Business