Posted inAT Finance, Thailand

Oversupply and imports hit Thailand’s coconut industry

Coconut suppliers in the south of Thailand are deep in debt with 40 million coconuts in stock and few buyers. Coconut lhong, or middleman-run warehouses in Thap Sakae district in Prachuap Khiri Khan just south of Bangkok, have debts of more than 200 million baht (US$6.1 million). The reason for the large amount of unsold fruit […]

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