Jurin heading to Saudi Arabia to finalise import of fertilisers
Saudi Arabia has agreed to sell 300,000 tonnes of fertilisers to Thailand, Commerce Minister Jurin Laksanawisit said on Friday.
Jurin said that he would be visiting Saudi Arabia from August 27-30 to negotiate this procurement.
Regarding measures to cope with rising fertiliser price due to the Russia-Ukraine conflict, he said the Commerce and Agriculture ministries would monitor the situation closely, covering trade, prices and import volume.
He added that a special committee tasked with managing the economic crisis, chaired by Prime Minister Prayut Chan-o-cha, has delegated the Budget Bureau to consider measures for compensating farmers over rising fertiliser prices.
"The bureau will consider measures to compensate farmers and ensure that they would not affect the production cost of agricultural products and the country's financial status," he said.
Regarding rising production cost, Jurin said 500 officials had been deployed to check each day whether the prices of any products had risen.
He added that the prices of many products, such as vegetables, fishes, electrical appliances and cooking oils, had actually dropped.