Saudi Arabia recently allowed two additional Saudi suppliers to sell fertiliser to Thailand, which will help ease fertiliser problems in Thailand, Deputy Prime Minister and Minister of Commerce, Jurin Laksanawisit announced on June 24.
The companies, MA’ADEN (Saudi Arabian Mining Co) and ACO Group, are in addition to the existing supplier, Saudi Basic Industries Corporation (SABIC). The DITP also held a business matching event between three leading Saudi fertiliser suppliers and Thai fertiliser importers on June 29, in which Thai buyers were allowed to negotiate purchases.
According to the Thai Chamber of Commerce and the Thai Fertiliser Producer and Trade Association, Thailand’s demand for fertiliser from Saudi Arabia is about 808,000 tonnes, 590,000 tonnes of which are urea fertiliser, 193,000 is phosphate and 25,000 is potassium. Thailand needs about five million tonnnes of fertiliser annually.