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Category: Production

Laos to sell $350 million in high-interest bonds to combat inflation

June 15, 2022 Production

The Lao government is so desperate for cash that it is offering about U.S. $340 million in bonds with a six-month interest rate of 20 percent, terms that sources told RFA sounded too good to be true.The Lao economy is struggling with rampant inflation,…

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Bitcoin stems heavy losses but pessimism reigns in crypto markets

June 14, 2022 Production

LONDON (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class.Bitcoin clawed i…

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Diesel up by another ?1 per litre, to ceiling of ?35, effective June 14

June 13, 2022 Production

Thailand’s Fuel Fund Executive Committee decided today (Monday) to increase the diesel price by another one baht per litre, to 34.94 baht, effective tomorrow, the fourth rise since May 1st and almost reaching the ceiling price set at 35 baht/litre.Dire…

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Durian is Thailand’s top export earner, outranking rice and rubber

June 13, 2022 Production

Thai durian has outranked rice and para rubber as Thailand’s top export performer, with export volume last year estimated at about 187 billion baht, compared to 100 billion baht for rice exports and 90 billion baht for rubber, according to the Centre f…

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Why India Holds the Key to Global Rice Market Outlook

June 10, 2022 Production

India’s surprise decision to ban wheat exports has raised concerns about potential curbs on rice exports as well, prompting rice traders to step up purchases and place atypical orders for longer-dated deliveries.Government and trade officials have said…

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Thailand’s diesel price to rise by another baht per litre from Tuesday

June 6, 2022 Production

The Fuel Fund Executive Board decided to increase the price of diesel fuel by another baht today (Monday), to 33.94 baht per litre, effective tomorrow, following a spike in global prices, due to worries of disruption in supplies from Russia and ease of…

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Atmospheric CO2 more than 50 percent higher than pre-industrial era

June 4, 2022 Production

Concentrations of carbon dioxide in the atmosphere in May were 50 percent higher than during the pre-industrial era, reaching levels not seen on Earth for about four million years, the main US climate agency said on Friday.Global warming caused by huma…

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Slim prospects for consumer goods price drop for several months

June 3, 2022 Production

The prices of many consumer products have been increasing, as the Thai Retailer Association warns that there is little prospect that they will come down in the next few months.Meanwhile, Commerce Minister Jurin Laksanawisit told the Lower House, during…

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