Mangosteen growers’ plight as prices of their fruit have nosedived

22 Sept 04:40 Key points summarised by AI

Mangosteen prices in Thailand have plummeted due to a massive oversupply and a sharp decline in exports, primarily caused by China's new strict GMP/GAP import regulations.
Thai growers face dire financial losses, earning only 2 baht/kg (before other costs) as wholesale buying prices drastically fall from last year's 60-100 baht/kg.
Bangkok's largest wholesale market is inundated with approximately 10,000 tonnes of mangosteen daily, overwhelming distributors and creating a significant glut.
Wholesalers attribute the export slowdown directly to Chinese importers delaying purchases while awaiting necessary GMP/GAP certifications from Thailand's Agricultural Technique Department.
Calls for government intervention include subsidizing transportation costs, while the market actively seeks to redistribute surplus fruit to smaller retailers and vendors to alleviate the crisis.

Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama

Yesterday 15:38 Key points summarised by AI

Thai MP Suchada Zhang Thaensap faces intense scrutiny over her husband’s substantial 1.84 billion baht wealth, with opposition lawmakers alleging connections to international scam networks.
A significant portion of her husband, Taiyang Zhang's, declared assets includes a 1.44 billion baht loan to the now-bankrupt cryptocurrency hedge fund Three Arrows Capital, which still owes him 1.34 billion baht.
Opposition MP Rangsiman Rome accused Suchada's husband of links to online scam networks and gambling sites, prompting Suchada to vehemently deny the claims, demand evidence, and file a defamation complaint.
Taiyang Zhang's background includes co-founding Ren Protocol, later sold to Alameda Research (linked to the FTX collapse), and some of his former associates have been convicted in crypto company failures.
Suchada, a former actress and first-time MP, maintains her husband's innocence, while her party leaders have distanced themselves from the allegations, deeming it a private matter.