February 9, 2021
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Director-General of the Department of Internal Trade pointed out that “palm oil” price has risen by 7.50 baht.
Mr. Wattanasak Sueaiam Director GeneralDepartment of Internal Trade Revealed that at present, the price of oil palm fruit that farmers sell has continuously increased from 3.00 – 3.50 baht per kg in mid-year 2020 to 7.00 baht per kg at the end of 2020 and has remained at the high level of up to kg per kg. 7.50 baht at present, which is a good opportunity for palm farmers to earn more income from selling produce. Therefore asked palm farmers to maintain more of the palm trees In order to have more output into the market in the next period
However, the price of oil palm rose in that direction. This has affected the price of bottled palm oil that consumers buy for household use. And may affect industrial plants that use palm oil as raw material, which is the latest from the rising price of palm oil by 7.50 baht per kg, causing the price of crude palm oil in the production area to increase to 39.00 baht per kg. As a result, the price of bottled palm oil in the market increases to 46 – 48 baht per liter and may affect the cost of living of consumers.
The situation will come in a short time with the increase in palm fruit output to normal in the coming March 2021, therefore, this opportunity will be given to palm farmers. And in the consumer part Department of Internal Trade Will coordinate the manufacturer and the wholesaler / retailer Hold the price at that level for as long as possible. And ask consumers to reduce the burden of purchasing palm oil Using alternative oils such as soybean oil Which has not changed much for a period of time before When the situation of oil palm production has returned to normal. Department of Internal Trade Will notify producers and traders to reduce prices in accordance with the decline in palm oil prices during that period.
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