Bangkok, April 12 -- The Thai government is accelerating plastic recycling efforts as global plastic raw material supplies face disruptions linked to tensions and conflicts in the Middle East, driving up prices and putting pressure on the domestic economy.
Industry Minister Varawut Silpa-archa said on April 10 that the conflict involving the US, Israel and Iran has disrupted global packaging supply chains, pushing virgin plastic pellet prices up by 30-40% since late February. Rising packaging costs are affecting prices of food, beverages and essential consumer goods, increasing the financial burden on households.
Varawut said promoting plastic recycling would help ease short-term supply shortages while supporting long-term environmental...
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