The Ministry of Commerce of Thailand orders the inspection of the distribution of bottled palm oil

Published 2021년 2월 10일

Tridge summary

Thailand is experiencing a temporary shortage of bottled palm oil due to increased production costs and tight control over smuggling. As a result, the price of crude palm oil has surged by 39 baht per kg, leading to a significant increase in the market price of bottled palm oil. However, the Department of Internal Trade is monitoring the situation closely to prevent a shortage and ensure fair pricing. In the meantime, consumers are being advised to switch to alternative oils until the situation stabilizes. The Department of Foreign Trade is also implementing measures to prevent smuggling of crude palm oil. This situation provides an opportunity for palm farmers to increase their income, and it is expected that the market will return to normal in March 2021.

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

Original content

Confident Commerce Bottled palm oil stocks were short-lived. Expected next month the situation will resolve Expedite coordination with producers to fix the price after the cost of palm fruit surpassed 7 baht per kg with tight control of "Import-Export Terminal" to extract smuggling of neighboring palms, teeth the price difference From the event that last week Retailers said they were out of stock and had limited sales of bottled palm oil. Causes from entering the intersection of the production season It is expected that the new product cycle will enter the market in March 2021, thus reducing the crude palm oil stock to only 1.4 hundred thousand tons and the selling price of crude palm oil increases by 39 baht per kg, which is the price of palm fruit per kg. Last 7 baht, Mr. Wattanasak Sueaiam, Director-General of the Department of Internal Trade revealed "Prachachat Business" that the price of oil palm increased to 7.50 baht per kg, causing the price of crude palm oil in the ...

Source: Prachachat