Govt sets palm nut price at B5/kg
- Published: 12 Dec 2012 at 16.44
- Online news: Local News
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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