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Worries raised over possible fertiliser shortage in Thailand amid war in Ukraine

14 Sept 11:09 Key points summarised by AI

Thailand anticipates significant fertiliser shortages and price increases in April-May, directly linked to the ongoing war in Ukraine.
Private sector fertiliser stocks are dwindling as traders are reluctant to import due to surging global prices and restrictive domestic price controls.
Key fertiliser compounds like urea, ammonia sulphate, phosphate, and potash have seen steep price hikes, some more than doubling since last March.
Disruptions from major suppliers and reduced export allocations by producers are exacerbating the shortage and driving up import costs for Thai traders.
The Internal Trade Department will review requests for domestic price adjustments on a case-by-case basis, acknowledging varying production costs.

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.