Thailand plans to negotiate with Saudi Arabia over fertiliser

Thailand is suffering a fertiliser shortage, with the country’s farmers bearing the high costs of imported fertilisers. Now, the Chamber of Commerce plans to negotiate with Saudi suppliers. Saudi Arabia recently allowed 2 of its suppliers to sell fertiliser to Thailand, according to Thai Commerce Minister Jurin Laksanawisit.

The International Trade Promotion Department is scheduled to hold a business matching event between three leading Saudi fertiliser suppliers and Thai fertiliser importers on June 29.

Thailand imports the overwhelming majority of its fertilisers, with only 8% of fertiliser coming from domestic sources. The country needs about 5 million tonnes of fertiliser a year. Jurin said…

“According to the figures collected by the Thai Chamber of Commerce and the Thai Fertilizer Producer & Trade Association, Thailand’s overall demand for fertiliser from Saudi Arabia…