Thai Fishing Industry Crippled by Diesel Price Surge
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Thai fishermen grapple with skyrocketing diesel prices, now over $1.30 per liter, due to the Middle East war. This has led to boats sitting idle, with some fishermen spending $40 on fuel for just $9 worth of catch. The crisis has crippled a multi-billion-dollar industry, with tens of thousands of vessels unable to head out. Fuel shortages and suspected hoarding have exacerbated the situation, leading to job losses and a potential global seafood shortage. The government has implemented measures, but industry leaders argue they are insufficient. All eyes are on US-Iran peace talks for relief.
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