The energy minister plans to set up regulations for B100 futures to stablise prices of palm oil output. Apichit JinakulThe Energy Ministry plans to set up regulations for a B100 derivatives exchange in the country's commodity market to reduce fluctuation of palm oil prices. "Crude palm oil in Thailand relies on daily prices set up by palm oil crushers, so this plan would be a game changer in promoting B100 futures as derivatives if implemented," he said. Mr Sontirat plans to set up regulations for the B100 futures in order to stablise prices of palm oil output. An engineer offloads palm oil from a ship to tankers, as palm oil is imported from neighbouring countries.

Source: Bangkok Post January 14, 2020 00:17 UTC