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    Home > Food News > Food Articles > Thai government boosts palm oil exports

    Thai government boosts palm oil exports

    • Last Update: 2022-08-16
    • Source: Internet
    • Author: User
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    According to recent news from the Thai media, the Thai cabinet approved a project to promote palm oil exports to reduce excess production in 2022 under the condition that domestic palm oil stocks exceed 300,000 tons and palm oil prices are higher than the global market pric.
    With a budget of 309 million baht, the project aims to boost exports , reduce excess domestic palm oil production to a balanced level, and increase the price of palm fruit, increase farmers' income and stabilize domestic palm oil price.
     
    The project to promote palm oil export to reduce excess production in 2022 will be used to support the management cost of 150,000 tons of palm oil expo.
    The export period is within September of this ye.
    The project participants must be legal entities, including palm oil or produc.
    Manufacturers, merchants, warehouse operators or exporters, subsidize management costs of 2 baht per kilogram, such as transportation costs, storage fees, quality improvement fees, documentation fees and other handling charg.
     
    The export period starts from Cabinet approval until September 202 When domestic palm oil stocks exceed 300,000 tons and palm oil prices are higher than the global market price, the exporter's administrative fee of 300 million baht and other government expenses of 9 million baht can be us.
     
    Thanakorn said that the above project is a mechanism to stabilize the domestic palm oil and palm oil market, during the period when the results were put on the market in large quantities, and the domestic energy demand for palm oil has declined due to the decrease in the use of biodiesel in diesel fu.
    proportional measu.
    In addition, the domestic crude palm oil inventory is 300,000 tons, which is equivalent to 5 times the domestic monthly demand and is considered to be a safe inventory lev.
    It is believed that the project will not cause domestic shortage problem, but can prevent and alleviate the problem of oversupply of palm oil and oil pa.
    palm oil price export import and export
     
    The project to promote palm oil export to reduce excess production in 2022 will be used to support the management cost of 150,000 tons of palm oil expo.
    The export period is within September of this ye.
    The project participants must be legal entities, including palm oil or produc.
    Manufacturers, merchants, warehouse operators or exporters, subsidize management costs of 2 baht per kilogram, such as transportation costs, storage fees, quality improvement fees, documentation fees and other handling charg.
     
    The export period starts from Cabinet approval until September 202 When domestic palm oil stocks exceed 300,000 tons and palm oil prices are higher than the global market price, the exporter's administrative fee of 300 million baht and other government expenses of 9 million baht can be us.
     
    Thanakorn said that the above project is a mechanism to stabilize the domestic palm oil and palm oil market, during the period when the results were put on the market in large quantities, and the domestic energy demand for palm oil has declined due to the decrease in the use of biodiesel in diesel fu.

    proportional measu.

    In addition, the domestic crude palm oil inventory is 300,000 tons, which is equivalent to 5 times the domestic monthly demand and is considered to be a safe inventory lev.

    It is believed that the project will not cause domestic shortage problem, but can prevent and alleviate the problem of oversupply of palm oil and oil pa.

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