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Thailand approves fertilizer price hike

 Last Update: 2022-04-18
 Source: Internet
 Author: User

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The Bangkok Post reported on March 18 that after consultations with the Thai Fertilizer and Agricultural Materials Association, the Internal Trade Department of the Ministry of Commerce agreed to increase the sales price of fertilizers, but the price increase will be handled on a case-by-case basis according to the cost increase of each company
.
The Department of Internal Trade said that due to rising oil prices and the conflict between Russia and Ukraine, the cost of fertilizers has been rising since the beginning of this year, an increase of 36%-49% compared with 2021, and doubled compared with 2020.
Fertilizer manufacturers are under huge cost pressure, and the price increase is indeed true.
As a last resort
.

price processing

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