Thailand: Palm kernel oil has no resolution to compensate for the export

Published 2021년 4월 30일

Tridge summary

The National Palm Oil Policy Committee has approved a strategy to boost the value of palm oil and palm oil products, aimed at increasing farmers' income and supporting the electric vehicle industry. The plan includes an extension of the palm oil export project to reduce excess output and a compensation of 2 baht per kilogram for exports in 2021. The meeting also discussed the development of the oleochemical industry, with a focus on six high-value products and the integration of various sectors for promotion and certification.

The article highlights the disparity in palm prices between Thailand and Malaysia and raises concerns about the impact on farmers. It also emphasizes the need for government agencies to effectively manage the palm system and fair pricing. The integration of sectors such as production, standards and testing, incentives and investments, and demand side will work together to promote research, development, and certification of innovative and environmentally friendly products in the oleochemical industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On April 30, 2021, at a meeting of the National Palm Oil Policy Committee (MPC), chaired by Gen. Prawit Wongsuwan, Deputy Prime Minister and Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce as Vice Chairman. O. Agree to the approach to drive the value-added palm oil and palm oil. In order to raise the income of farmers and oil palm industry entrepreneurs as well as reduce the impact of the tendency to use more electric cars. As well as other interesting matters Mr. Phansak Chitrat, Chairman of the Committee on Palm Oil and Energy Crops. National Farmers Council And a member of the National Oil Palm Policy Committee (MPC) revealed to the "economic base" that today the "Department of Internal Trade" has requested to approve the extension of the project to push palm oil exports to reduce output. Over the year 2021 to compensate the export of 2 baht per kilogram. In the meeting, I opposed. This time, why will you come into the meeting? Because the stock of crude ...

Source: Ththansettakij