Nation Thailand
Commerce Ministry says fertiliser supplies sufficient as Hormuz disruption eases
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Deputy Prime Minister and Commerce Minister Suphajee Suthumpun said on Monday that Thailand has sufficient fertiliser supplies and that domestic prices are gradually declining after disruption near the Strait of Hormuz began to ease.
Key facts
- The World’s richest 10% causing environmental damage worth $5.7 trillion annually
- Speaking after a meeting with private-sector representatives, Suphajee said the government had been closely monitoring the impact of unrest overseas
- Wittayakorn Maneenetr, director-general of the Department of Internal Trade, said price statistics showed that compared with the pre-war period, urea fertiliser prices had risen by an average of about 60%, phosphate fertiliser by about
- On price control, the Department of Internal Trade has taken legal action against more than 1,640 fertiliser sellers for overpricing
Summary
Speaking after a meeting with private-sector representatives, Suphajee said the government had been closely monitoring the impact of unrest overseas. Although uncertainty remains over a formal end to the conflict, she said the government would ensure there are no shortages while keeping prices at appropriate levels.
She said there had been positive developments involving five fertiliser cargo vessels previously stuck in the strait. Two vessels have now been cleared to continue their journeys, while another has changed its route by transporting goods overland to a Red Sea port before shipping onward to Thailand.