Phusadee ArunmasOil palm growers have called for cooperation from retailers to abstain from launching any sale promotions for bottled cooking palm oil, as such programmes would push down farm prices for fresh palm nuts. "For almost a year, the farmers have suffered because of the price fall," said Manat Puttharat, chairman of the Oil Palm Growers Federation. The higher prices of domestic palm oil are also due to lower crude palm oil stocks, which stand at only 250,000 tonnes from 300,000 tonnes earlier, thanks to the government's measures. "The department has been closely following the oil palm and palm oil situation to strike a balance in the country's overall palm market," he said. "Palm oil for consumption amounts to about 1.1 million tonnes a year or about 40% of crude palm oil consumption.

Source: Bangkok Post June 17, 2019 23:24 UTC