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News Forum - Thailand’s bottled palm oil price continues to skyrocket

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Efforts by Thailand’s palm oil farmers, extractors, and producers to cap the price of bottled palm oil at 64-66 baht per litre have proved fruitless. The price has now skyrocketed to 70-76 baht in some markets, according to a survey by Thai PBS. The survey says that in department stores, the price is 68 baht per litre or lower. Palm oil producers claim the price should be even more expensive, 77-78 baht, because of the high production costs. A grocery store owner told Thai PBS that she had to up her retail price because the wholesale price for a pack of 12 […]

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