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Russia-Ukraine conflict will lead to higher agricultural production costs in Thailand

 Last Update: 2022-04-17
 Source: Internet
 Author: User

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Foreign media March 15 news: The U.
S.
Department of Agriculture ’s Overseas Agricultural Service released a counselor’s report showing that the Russian-Ukrainian conflict caused global crude oil and natural gas prices to soar, which in turn pushed up fertilizer prices
.

Before the outbreak of the Russia-Ukraine conflict, the rebound in energy prices had already caused the price of fertilizers in Thailand to soar to the highest level in 12 years in October 2021, up 68% from January 2021 and a further 88% in December 2021
.
Production costs for key field crops such as rice, corn, sugarcane and cassava in Thailand will rise by 10-17% in 2022
.

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