#Thailand smashes coconut-profiteering web led by Chinese firms
"police hv broken up a web of
#Chinese cos allegedly using Thai fronts to control the kingdomโs
#coconut supply, squeezing prices to record lows & allowing wide
#profit margins on sales into
#China.. CIB said those cos had crushed
#farmgate prices to as low as 2 baht a coconut but โexported them at 35โ50 bht.. Te issue has brought te risks of Thai
#agricultural industryโs dependence on China back into focus"๐ง
https://www.scmp.com/week-asia/economics/article/3346192/thailand-smashes-coconut-profiteering-web-led-chinese-firms?utm_source=rss_feed