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News Wire / economy

Thailand Seafood Exports Worth $7B Hit By Fuel Costs

CNA938 Singapore Bangkok 14d14d Impact 5
Diesel costs in Thailand have risen above 50 baht per liter, which is approximately 1.41 USD. This price represents nearly double the cost paid by many trawlers at the start of the year. Each fishing trip consumes up to 1,000 liters of fuel. Larger trawlers traveling hundreds of kilometers offshore often stay at sea for weeks. Reportedly, trawlers are not allowed to travel to sea half of the time. Diesel prices for fishing trawlers in Thailand have nearly doubled compared to the start of the year, reaching approximately 27 Thai baht per liter. The price surge follows the start of the war in Iran. Rising fuel prices are impacting the entire supply chain of Thailand's multi-billion dollar fishery industry.

Topics

fuel prices fishing industry Thailand

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Sources · 7 independent

CNA938 Singapore

“the cost of diesel is now above 50 baht per liter. or one US dollar 27. That's nearly double what many trawlers paid at the start of the year.”

CNA938 Singapore

“one US dollar 27. That's nearly double what many trawlers paid at the start of the year. Each trip consumes up to 1000 litres of fuel.”

CNA938 Singapore

“Since the start of the war in Iran, global fuel and energy... prices have shot up. Thailand is no exception, where the cost of diesel is now about 50 baht per liter or one US dollars 27.”

CNA938 Singapore

“Around 7 billion US dollars worth of seafood products have been exported worldwide according to government data. Rising fuel prices are hitting not just fishermen and boat owners, but the entire supply chain of businesses.”

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