Athirat exposes the extraction plant to press the purchase price of palm fruit lower than 18% in Thailand
RBD Palm Oil
Thailand
Published Dec 22, 2022
Tridge summary
Mr. Athirat Damdee, a former qualified member of the National Oil Palm Policy Committee (NPA) and an advisor to the Krabi Province Palm Oil Board, revealed to the "economic base" the situation of palm oil prices and palm products. There is unfair trade, that is, the purchase of palm fruit. The purchase price is lower than the price it should have been. Without reasonable cause, during the past 3 weeks continuing to the present, the purchase price is not in accordance with the announcement of the calculation structure of the estimated price of oil palm fruit.
Original content
The average price of palm fruit is about 4.50-4.70 baht/kg. If we divide the price of palm fruit by the percentage of oil, The percentage of palm oil is unusually at 14.3%, indicating that the price has been pushed down a lot. When Thai farmers compare Thai prices with foreign prices, they see that foreign crude oil prices (CPOs) are lower than Thailand. It turns out that foreign palm prices are still at 6 baht/kg, but why has the Thai price dropped lower? "It shows that the palm price depends on the buyer how to cooperate in setting the purchase price. There is no mechanism and there is no price structure to help normalize the price. Turns out that when the factory is near New Year's Day The factory will stop the business, the buyer will not give the price. The factory also presses the price. Turns out to be an irrational price situation. Encountered with a shockingly low price condition, the price was reduced by 30-50 satang." “This reflects the fact that the oil palm industry ...
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