logo
Thailand's monitor lizards tipped as next big 'economic animal' in luxury leather

Thailand's monitor lizards tipped as next big 'economic animal' in luxury leather

The Star2 days ago
BANGKOK: Thailand's Asian water monitors are being championed as a new "economic animal," poised to enter the lucrative 7.6 billion baht leather market.
The move follows a government decision that allows for the commercial breeding of the reptiles, which are native to the region.
The Kasikorn Research Center reports that the government's Wildlife Preservation and Protection Committee has approved a scheme for licensed individuals to breed the monitors, with breeding pairs costing just 500 baht each from the Department of National Parks.
This initiative aims to unlock the commercial potential of the animals in three key areas: leather, medicinal products, and meat.
The monitor lizard's hide is expected to command a higher price than traditional cow or buffalo leather, with a single square meter fetching between 4,200 and 14,000 baht.
This could significantly boost Thailand's processed leather export market, which was valued at around 7.5 billion baht in 2024.
A major selling point for the new industry is the monitor lizard's environmental credentials. Unlike cattle and buffalo, these reptiles do not produce methane gas during digestion.
This difference could reduce greenhouse gas emissions by up to 3.4 million tonnes per animal per year, potentially giving monitor lizard leather a significantly lower carbon footprint than other animal hides.
The report also highlights the varied international regulations surrounding the trade of monitor lizards and their products:
Thailand: Breeding is permitted under licence.
Malaysia: Breeding and production are allowed.
Indonesia: Quotas for capture and export are in place under CITES regulations.
United States/European Union: Imports are allowed with a CITES permit.
China/Australia: Trade is prohibited.
- The Nation/ANN
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India braces as Trump issues 24-hour tariff threat
India braces as Trump issues 24-hour tariff threat

The Star

time24 minutes ago

  • The Star

India braces as Trump issues 24-hour tariff threat

THE nation is racing to contain the econo­mic fallout from President Donald Trump's threatened tariffs, which has left officials in New Delhi feeling shocked, jilted and unsure of how to respond. Trump's harsh language – calling India's economy 'dead', its tariff barriers 'obnoxious' and its people indifferent to the plight of Ukrainians – has been akin to a verbal slap in the face, according to an official in New Delhi, who asked not to be identified as the discussions are private. Officials have no template to deal with these kinds of public assaults, the person said, adding that the latest turn of events has put a strain on India's relationship with the US. Trump on Tuesday said he would increase the 25% tariff on Indian exports to the US 'substantially over the next 24 hours', citing the Asian nation's high barriers to trade and its purchases of Russian oil. India was 'fueling the war machine, and if they're going to do that, I'm not going to be happy,' Trump told CNBC. India's government is now bracing for higher tariffs and seeking to limit the possible economic damage. Prime Minister Narendra Modi has been urging Indians to buy more local goods to offset any slump in global demand, while the Ministry of Commerce and Industry is discussing ways to help exporters who would be hardest hit, such as in the gems and jewellery and textile sectors. Officials say they will continue to seek back-channel talks to help ease the tensions. India has been a target of Trump for weeks now because of its economic ties with Russia. The US president has given Vladimir Putin until Aug 8 to reach a truce with Ukraine and wants to ramp up the pressure by targeting energy purchases from countries like India and China that are helping to keep Russia's economy afloat. Modi's government is so far holding its ground, saying it's being unreasonably targeted by the US for its ties to Russia – its biggest supplier of oil and military equipment. Officials have signal­led they won't instruct refiners to halt Russian crude purchases. For months, Indian trade officials had been negotiating with the Trump administration on a deal that both sides said was close to being finalised, with a tariff rate possibly below 20%. The US president's tone appeared to change last month when he threatened India with higher duties alongside others in the BRICS bloc of nations for what he said was the group's anti-US stance. He then followed up several days later with warnings about financial penalties on countries like India for buying oil from Russia. — Bloomberg

Monitor lizards eyed for luxury leather
Monitor lizards eyed for luxury leather

The Star

time24 minutes ago

  • The Star

Monitor lizards eyed for luxury leather

LOCAL Asian water monitors ( pic ) are being championed as a new 'economic animal', poised to enter the lucrative 7.6 billion baht (RM990mil) leather market. The move follows a government decision that allows for the commercial breeding of the reptiles, which are native to the region. The Kasikorn Research Centre reports that the government's Wild­life Preservation and Protec­tion Committee has approved a scheme for licensed individuals to breed the monitors, with breeding pairs costing just 500 baht (RM65) each from the Department of Natio­nal Parks. This initiative aims to unlock the commercial potential of the animals in three key areas: leather, medicinal products and meat. The monitor lizard's hide is expected to command a higher price than traditional cow or buffalo leather, with a single square metre fetching between 4,200 and 14,000 baht (RM550 and RM1,830). — The Straits Times/ANN

India braces for hit to $64 billion US exports amid rising tensions with Washington
India braces for hit to $64 billion US exports amid rising tensions with Washington

The Star

time13 hours ago

  • The Star

India braces for hit to $64 billion US exports amid rising tensions with Washington

FILE PHOTO: A worker makes final checks on jeans pants before packaging in a garment manufacturing unit on the outskirts of Ahmedabad, India, August 5, 2025. REUTERS/Amit Dave/File Photo NEW DELHI (Reuters) -India expects to lose a competitive advantage in about $64 billion worth ofgoods exported to the U.S. due to President Donald Trump's 25% tariff and an assumed 10% penalty for buying Russian oil, four sources told Reuters citing an internal assessment report by the government. India faces its most serious diplomatic crisis with the United States in years after Trump imposed the highest tariffs among Asian peers on goods imported from India, even before anypenalty. A relatively low share of exports in India's $4 trillion economy is seen limiting the direct impact on growth to 40 basis points. The Reserve Bank of India left its GDP growth forecast for the current April-March financial year unchanged at 6.5% and held rates steady on Wednesday despite the uncertainty created by tariff hikes. The trade impact estimates wereprepared by the Indian government after Trump announced the unexpectedly high tariff for Indian goods, along with the unspecified penalty. The Indian government in its assessment report has assumed a 10% penalty for buying Russian oil, taking the tariff to 35%, the four Indian government sources told Reuters. They declined to be identified because they were not authorised to speak to media. India's trade ministry did not immediately respond to a request for comment. Trump said on Wednesday his administration will decide on the penalty for buying Russian oil post the outcome of U.S. efforts to seek a last minute breakthrough in the Ukraine war. U.S. envoy Steve Witkoff is in Moscow, two days before the expiry of a deadline set by Trump for Russia to agree to peace or face new sanctions. The impact of the tariff and possible penalty will be on nearly $64 billion worth of India's exports to U.S that account for about 80% of total exports to the country, and it will lead to 'potential export losses' due to price disadvantages, the four sources said. The internal assessment report is the government's initial estimate and will change as the quantum of tariff by Trump becomes clear, all four sources said. India exported goods estimated at around $81 billion in 2024 to the U.S., including garments, pharmaceuticals, gems and jewellery, and petrochemicals, according to government data. The South Asian nation's goods exports to U.S. constituted 2% of GDP in 2024. Its total goods exports globally were at $443 billion in 2024. The proposed tariffs on India's high-value exports face "erosion of price competitiveness encountering intensified rivalry from countries subject to lower duties," two sources said citing the internal assessment. RUSSIA IN FOCUS India's National Security Adviser Ajit Doval is in Russia on a scheduled visit and is expected to discuss India's purchases of Russian oil in the wake of Trump's pressure on India to stop buying Russian crude, according to a government source. His visit will be followed by Foreign Minister Subrahmanyam Jaishankar in the weeks to come, amid India's attempts to placate Washington's concerns while balancing historical ties with Moscow. Doval is expected to discuss India's defence collaboration with Russia, including getting faster access to the pending units of S400 air defence system and President Vladimir Putin's visit to India. India's foreign ministry did not immediately respond to a request for comment. (Reporting by Nikunj Ohri Sarita Chaganti Singh Shivam Patel in New Delhi; Editing by Aftab Ahmed and Raju Gopalakrishnan)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store