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After Thailand’s price on bottled palm oil has kept surging and surging for months, it has now finally come down a bit. Prices in department stores and super markets on 1 litre bottles have dropped from 69-70 baht, to 64-65 baht. The director-general of Thailand’s Internal Trade Department, Udom Srisomsong, pointed out that prices may differ between stores, though. Udom stressed that prices must reflect actual production costs. He said some have complained and claimed that, as the prices of raw palm seeds peaked at around 62-63 baht per kilogram and have now dropped to 42-43 baht per kilogram, the […]

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