Jump to content

Commerce Ministry Approves Fertilizer Price Hikes on Case-by-Case Basis


Recommended Posts

Posted

5147e8e2034cbba07a78509de3e6ab96_small.jpg

 

by Natthaphon Sangpolsit

    

BANGKOK (NNT) - The Ministry of Commerce has approved increases to fertilizer prices on a case-by-case basis in order to alleviate the impact of rising fertilizer production costs.

 

Wattanasak Sur-iam, director-general of the Department of International Trade (DIT) recently met with fertilizer business operators to discuss production cost issues. Following the meeting, he said the department will allow operators to raise fertilizer prices on an individual basis because each operator and supplier has different production costs. He also advised traders to speed up fertilizer imports ahead of the new farming season in the coming months.

 

The DIT director-general added that production costs have risen by as much as 36-49 percent over 2021 levels and nearly 100 percent over 2020 levels, owing primarily to surges in global crude oil prices and the Russia-Ukraine conflict.

 

Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe

 

According to the Thai Fertilizer and Agricultural Supplies Association, traders and producers have faced rising production costs since the end of last year, but have been unable to raise prices due to the government’s price cap and requests to help alleviate the impact on farmers. The domestic fertilizer market has reached critical levels as a result of the Russia-Ukraine conflict, with sanctions imposed on Russia - the world’s largest fertilizer exporter - complicating the issue even further.

 

Russia is a major producer of potash, phosphate and nitrogen fertilizers - all of which are important crop and soil nutrients. The country produces more than 50 million tons of fertilizer per year, accounting for roughly 25% of global output.

 

Thailand is a net importer of fertilizer, importing more than 5 million tons per year from countries such as the Middle East, China, Russia and Canada. Last year, Thailand imported 500,000 tonnes of fertilizer from Russia via a port in Ukraine.

 

nnt.jpg
-- © Copyright NNT 2022-03-21
 

- Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

 

Posted
4 hours ago, webfact said:

The Ministry of Commerce has approved increases to fertilizer prices on a case-by-case basis in order to alleviate the impact of rising fertilizer production costs.

BS from government house should be delivered freely.. 

[or it is already]?

Posted (edited)
1 hour ago, hotchilli said:

BS from government house should be delivered freely.. 

[or it is already]?

Sorry, but, I believe it only comes in gas form and is already used elsewhere.

th?id=OIP.j2_VUbM8chO0FKmnwoyGxwHaCA&pid=Api&P=0&w=629&h=170

Edited by RichardColeman
  • Like 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 0

      Village Chief Discovers Five Grenades During Road Construction in Phayao

    2. 0

      5,000 Litres of Smuggled Fuel Seized in Satun Waters

    3. 0

      Electric Tricycle Fire Causes Injury and Property Damage in Mae Hong Son

    4. 8

      Thailand Live Sunday 24 November 2024

    5. 53

      JK Rowling Criticizes Edinburgh Council for Flying Trans Flag to Honor Violent Prisoner

    6. 8

      Thailand Live Sunday 24 November 2024

    7. 8

      Thailand Live Sunday 24 November 2024

    8. 8

      Thailand Live Sunday 24 November 2024

  • Popular in The Pub


×
×
  • Create New...