Fertilizers : freeze of prices… for a short period

Fertiliser producers yesterday agreed to temporarily freeze their retail prices for a few weeks to help reduce the burden on farmers.

After meeting with farmers and the Internal Trade Department, Plengsakdi Prakaspesat, president of the Thai Fertiliser and Agricultural Marketing Association, said that producers could only freeze prices for a short period as they are also facing rising raw-material costs. (Nation)

More non sense… More bullshit aimed at pathetic PR (like when the Commerce Minister was happy to “freeze” the price of toothpaste). What means temporarily ? Short period ?

The bottom line is that fertilizers are made entirely from oil… oil prices are going up… fertilizers prices follow and will continue to follow.

Prasit Boonchuey, president of the Thai Farmers Association, said that farmers have seen a rise in production costs due to costly fertilisers and pesticides. Against Bt13,000 per tonne early this year, fertilisers now cost Bt21,000 to Bt22,000 per tonne.

UPDATE MAY 26
It smells bad for the little government’s PR operation : “But the  government may find it hard to control inflation as seven leading fertiliser manufacturers are seeking Commerce Ministry approval for price increases of up to 250 per cent for 104 fertiliser formulas.” (Nation)

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.


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