Oil palm growers to petition government for help to seed prices

13 Sept 11:52 Key points summarised by AI

Thai oil palm growers plan to petition authorities across provinces, seeking government intervention to boost the plummeting prices of raw oil palm seeds, which have fallen to 4 baht/kg.
Growers are struggling as seed prices have drastically dropped from 12 baht/kg, while chemical fertilizer costs have simultaneously surged from 600 baht/bag to 1,500-1,800 baht/bag, driven by global events like the Russia-Ukraine war.
They assert that a minimum price of 6 baht/kg for raw oil palm seeds is crucial for their economic viability and livelihood.

European protests could raise costs for Thai exporters

Yesterday 17:46 Key points summarised by AI

The Commerce Ministry warns that ongoing protests across six European countries, driven by cost-of-living concerns, could weaken consumer purchasing power, disrupt logistics, and elevate costs for Thai exporters.
Thai exporters are advised to closely monitor developments, explore alternative markets (ASEAN, South Asia, Middle East), and adjust shipping routes to reduce dependence on Europe and mitigate potential risks.