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Coconut importers must purchase domestic coconuts at a ratio of 1:2.
5 to help coconut growers
.
Affected by the epidemic , the average coconut price in August fell to 8.
19 baht each
.
When the Ministry of Commerce held the first meeting of the Committee on Vegetable Oils and Oil-Producing Plants in 2021, the Ministry of Commerce stated that based on the total amount of coconuts purchased in Thailand from January 1 to August 6 this year, it will consider assigning import quotas to 15 qualified import coconuts.
The ratio of the company is 1:2.
5 (for every 2.
5 coconuts purchased in the country, one can be imported), and the total import quota is 78,477 tons
.
In any case, the import must comply with the announcement of the Foreign Trade Department
.
The ratio of the company is 1:2.
5 (for every 2.
5 coconuts purchased in the country, one can be imported), and the total import quota is 78,477 tons
.
In any case, the import must comply with the announcement of the Foreign Trade Department
.
In addition, in order to protect Thailand’s coconut farmers from the large-scale import of coconuts from abroad, the Committee on Vegetable Oils and Oil-producing Plants has decided to approve the implementation of the Special Safeguard Measures (SSG) under the World Trade Organization (WTO) agreement in 2021, using trigger volume calculations The principle of 311,235 tons of coconuts is calculated based on the number of coconuts imported in the past 3 years (2018-2020)
.
If the total amount of coconuts imported into Thailand exceeds the trigger volume of 311,235 tons, the Customs Department will impose additional tariffs
.
For imports outside the quota under the WTO agreement, a 72% tariff (originally 54%) is levied, and if it is an AFTA agreement, a 72% tariff (originally 0%) is also levied
.
.
If the total amount of coconuts imported into Thailand exceeds the trigger volume of 311,235 tons, the Customs Department will impose additional tariffs
.
For imports outside the quota under the WTO agreement, a 72% tariff (originally 54%) is levied, and if it is an AFTA agreement, a 72% tariff (originally 0%) is also levied
.
The Office of Agricultural Economics expects that this year (as of August) domestic coconut output will be 876,000 tons, and the demand will be the same as the previous year, about 1269,000 tons.
It is estimated that the import volume of coconuts and their products this year will be 418,000 tons
.
Affected by the epidemic, demand continued to slow in the first half of the year, leading to a downward trend in the price of coconuts sold by farmers
.
In August this year, the average price of large coconuts sold by farmers was 8.
19 baht each, which was lower than 11.
91 baht in the same period last year, or down by 31.
23%
.
It is estimated that the import volume of coconuts and their products this year will be 418,000 tons
.
Affected by the epidemic, demand continued to slow in the first half of the year, leading to a downward trend in the price of coconuts sold by farmers
.
In August this year, the average price of large coconuts sold by farmers was 8.
19 baht each, which was lower than 11.
91 baht in the same period last year, or down by 31.
23%
.
