Thailand: Stoke the mill to buy palm fruit in accordance with the price of crude palm oil

Published Apr 29, 2021

Tridge summary

The Department of Internal Trade in Thailand has announced a rise in crude palm oil prices in Malaysia, which is expected to impact the price of Thai palm oil. The Department has urged farmers to harvest ripe palm for a higher price and to ensure fair purchasing of palm fruit based on the current market price of crude palm oil. Additionally, the Department will randomly check the validity of scales used for measuring palm fruit, and any fraudulent activities or incorrect weight tolerances could result in imprisonment and hefty fines.

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

Original content

Department of Internal Trade Revealing crude palm oil prices in Malaysia upward Affecting the price of Thai oil palm Tickle the mill to buy palm fruit in accordance with the price of crude palm oil. On April 29, 2021, Mr. Wattanasak Sueaiam, Director-General of the Department of Internal Trade revealed that the situation of crude palm oil prices in the Malaysian market has continuously increased since the beginning of the year to the present. In January until April 2021, the price of crude palm oil in Malaysia stood at 28.83, 29.59, 31.18 and 34.84 baht / kg, rising respectively. The trend of crude palm oil prices in Malaysia suggests that it is in a positive direction. And it will be a positive factor for the direction of palm oil prices and Thai palm oil as well. The Department therefore recommends that farmers cut ripe palm according to age. To get a good quality palm It is beneficial for farmers to sell them at a higher price. Because it will extract a good percentage of oil ...

Source: Prachachat