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Billions proposed for farmer fertilizer as Russia delays shipments

Billions proposed for farmer fertilizer as Russia delays shipments

Matichon•Economy•9d ago

Reader Briefing

Thai Agriculture Minister proposes a 5 billion baht budget for farmer fertilizer aid amid delayed Russian imports and booming durian exports.

  • •Minister Suriya Jungroongruangkit proposed a 5 billion baht budget to purchase fertilizers for farmers.
  • •The fertilizer purchase is a response to delayed shipments from Russia, expected in August, missing the domestic planting season.
  • •Measures are also being implemented to facilitate the export of a 30% increase in durian production, a key export commodity.
  • •A long-term plan aims to stabilize agricultural product prices through dedicated management for key crops.

Overview

  • •On May 5, Minister Suriya Jungroongruangkit announced the proposal at the Ministry of Agriculture and Cooperatives.
  • •The proposal for a 5 billion baht fertilizer budget is due to delayed deliveries of urea fertilizer from Russia in August, which will be too late for the domestic planting season.
  • •The proposed budget for purchasing fertilizers is over 5 billion baht.
  • •The Ministry of Agriculture and Cooperatives plans to purchase organic and biological fertilizers for distribution to farmers nationwide.
  • •Farmers will receive fertilizers to reduce the use of chemical fertilizers and support agricultural policies.
  • •Russia approved fertilizer imports in principle mid-April, but delivery is delayed due to shipping conditions.
  • •Durian production has increased by over 30% this year, with an annual export value of 130,000 million baht.
  • •A plan to create specialized managers for key crops ('Mr. Rice', 'Mr. Rubber', 'Mr. Durian') is expected to be realized within one month to stabilize prices.

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Source: Matichon (Original)

Key Quotes

Suriya Jungroongruangkit
"Therefore, to solve cost problems for farmers, the Ministry of Agriculture and Cooperatives has a plan to request approval for a budget of over 5 billion baht to purchase organic and biological fertilizers for distribution to farmers nationwide."
ดังนั้นเพื่อแก้ไขปัญหาต้นทุนให้เกษตรกร กระทรวงเกษตรและสหกรณ์จึงมีแนวทางในการเตรียมขอเสนออนุมัติวงเงินกว่า 5 พันล้านบาท เพื่อจัดซื้อปุ๋ยชีวภาพและชีวพันธุ์แจกจ่ายให้เกษตรกรทั่วประเทศ
Suriya Jungroongruangkit
"Regarding measures to cope with a large amount of fruit entering the market, this year durian production has increased by over 30%, a crop with export value reaching 130,000 million baht per year."
สำหรับมาตรการรับมือในช่วงผลไม้ออกสู่ตลาดเป็นจำนวนมากซึ่งในปีนี้ทุเรียนมีผลผลิตเพิ่มขึ้นกว่า 30% ซึ่งเป็นพืชที่มีมูลค่าส่งออกถึง 130,000 ล้านบาทต่อปี

Key Entities

Person

Suriya Jungroongruangkit(สุริยะ จึงรุ่งเรืองกิจ)ℹ️
Minister of Agriculture and Cooperatives who proposed a 5 billion baht budget for farmer fertilizer.

Organization

Ministry of Agriculture and Cooperatives(กระทรวงเกษตรและสหกรณ์)ℹ️
Government body announcing a proposal for fertilizer distribution and managing agricultural product prices.

Place

Russia(รัสเซีย)ℹ️
Country from which fertilizer deliveries to Thailand are delayed.