Thailand Trade Ministry, Key Associations Collaborate to Reduce Agrochemical Prices
The Commerce Ministry’s Internal Trade Department has teamed up with importers and traders to reduce the prices of 74 agrochemical products by as much as 35% for three months, effective immediately, according to the Bangkok Post.
Speaking after meeting with 22 importing and trading companies from three associations yesterday, Wattanasak Sur-iam, director-general of the Internal Trade Department, said the cooperation programme scheduled to run from Nov. 30 until Feb. 28, 2022, aims to help reduce production costs for farmers.
The department has found the prices of agrochemicals have risen and are expected to keep rising because China, the major producer, has reduced production and limited exports given the high import demand.
The three associations are the Thai Agro Business Association, the Thai Crop Protection Association, and the Thai Agricultural Trade Innovation Association.
Agrochemical products covered by the discount scheme will be divided into three categories: herbicides with a maximum discount of 22%; pesticides and insecticides with a discount of up to 26%; and plant herbicides with a discount of up to 35%.
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