Middlemen are being sternly warned they could face imprisonment and heavy fines if they engaged in price collusion to suppress the price of southern durian, which are just starting to be harvested. 

 

Commerce Minister Jurin Laksanawisit said Friday he has instructed the Internal Trade Department and commerce officials in southern provinces to investigate any attempt by middlemen to collude in refusing to buy durian and mangosteen to suppress their prices.

 

Only about 5% of the durian output in southern provinces has been harvested so far. The average price of export-grade durian currently ranges from 130-135 baht/kg, compared to about 116 baht/kg last year, while the prices of export-grade mangosteen range from 74-98 baht/kg, compared to an average of 37 baht/kg last year.

 

Full story: https://www.thaipbsworld.com/middlemen-warned-against-price-collusion-to-suppress-price-of-durian/

 

-- © Copyright Thai PBS 2023-06-17

 

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3 hours ago, webfact said:

engaged in price collusion to suppress the price

The whole of Thailand works on secret cabals from taxi drivers to police to Government contracts.

5 hours ago, mikebell said:

The whole of Thailand works on secret cabals from taxi drivers to police to Government contracts.

Especially in the rice trade.