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Producers flock to crude palm oil exports soaring seven times, avoiding government controls on domestic retail prices

Thai Rath Edition

9 May 2022 5:38 a.m.

Reporters reported that Palm oil producers are now bottling them for consumption. Faced with the problem of increased production costs. After the price of crude palm oil (CPO) in the world market has increased rapidly. to 62-63 baht per kilogram (Kg) from the period before the Songkran Festival at 53 baht per kg, while fresh palm fruit is almost 13 baht per kg from the price of the palm grower income insurance scheme that is not low More than 4 baht per kg, 3 times higher, resulting in the sale price of palm oil bottles now has to go up to 77-78 baht per bottle, but the Ministry of Commerce still asks for cooperation to freeze the sale of no more than 70 baht per bottle. embarrassment to manufacturers who have to sell below cost

As a result, some bottle palm producers began to slow down production. But some are trying to help consumers by bringing in old CPO stocks to produce. But the old stock will run out. while some people mix oils from other plants with palm oil. And many others have already started exporting CPOs. because get a better price As a result of the lack of government control, in March 65, Thailand exported up to 112,000 tons of CPO, a 7-fold increase from only 15,877 tons in February, while in April 65. still have high export sales Because the world market price is still high.

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