Millions of Thai orchids thrown out by top world exporter
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Bangkok
AS global tourism collapses, so does the orchid industry in top exporter Thailand, where the flowers are regarded as a symbol of hospitality.
Global demand for cut flowers, from Thai orchids to Dutch tulips and Kenyan roses, has plummeted as businesses and hotels shutter worldwide and consumers stay at home.
Millions of orchids - used to decorate hotels and restaurants, and for celebrations and events - are being cut and thrown out every day because they can't find a buyer, according to Sompong Thaveesuk, vice president of the Thai Orchids Garden Enterprise Association.
"There are barely any buyers, and even if we wanted to export flowers, we couldn't do it because most of the passenger flights, which usually carry them, have been cancelled," said Mr Sompong, who estimated demand was down 95 per cent.
Thailand exports more than half of all the orchids it grows in a global industry worth hundreds of millions of dollars. But it's not just the exporters who are struggling. Demand from domestic buyers has also plunged because tourism, which normally contributes about a fifth of the economy, is at a standstill.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Thai orchid growers and exporters, employing some 50,000 workers, are just focusing now on keeping the farms going, while they wait for buyers to return. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result