Govt sets palm nut price at B5/kg | Bangkok Post: breakingnews

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Govt sets palm nut price at B5/kg

Palm oil growers were preparing to end their rally after the government agreed to raise the price of palm nuts to five baht a kilogramme, report said on Wednesday.

Palm oil growers had complained that palm nut prices have dropped in the past four months from 4-6 baht/kg to 2.50-2.60 baht/kg, while production costs for large-scale growers were 3.20 baht/kg and small farmers 4.29 baht/kg.

At noon on Wednesday, Sitthiporn Jariyapong, chairman of the Surat Thani Farmers' Council, and representatives from Chumphon, Ranong, Krabi, Nakhon Si Thammarat, Pang Nga, Trang and Surat Thani successfully negotiated with the government over the price of palm nuts.

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Your comments

  • bluebottle

    ThailandPost : 1,476

    Send message

    Discussion 2 : 13 Dec 2012 at 10.362

    Its called supply and demand, you know too much supply and the price goes down.Plus to be using a potential food to produce fuel when 25% of the worlds population is starving is criminal.

  • villaba

    ThailandPost : 110

    Send message

    Discussion 1 : 12 Dec 2012 at 18.141

    I'm glad the government are intervening in the palm oil price, after all its been such a success story with the rice pledging.

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