Fertiliser prices set to fall as Mideast shipments resume

Iran war has led to months of price hikes

Stacks of bagged fertiliser in a storage facility. Mrs Suphajee has been informed that several fertiliser vessels bound for Thailand have already passed through the Strait of Hormuz.

The price of fertilisers is trending downwards, with shipments from the Middle East currently en route to Thailand, says the Commerce Minister.Following discussions with the Thai Fertilizer and Agricultural Supplies Association (TFAS), the Thai Fertilizer Producer Trade Association and the Thai Agro Business Association, Deputy Prime Minister and Commerce Minister Suphajee Suthumpun said fertiliser supplies are likely to remain sufficient, and prices are expected to decrease.

She has been informed that several fertiliser vessels bound for Thailand have already passed through the Strait of Hormuz.

Given the ongoing uncertainty, she said authorities are working to ensure an adequate supply of fertiliser at appropriate prices.