Palm oil

Over the next three years, the biodiesel industry will enjoy improved business conditions thanks to an average annual increase of 3-4 per cent in domestic demand, which will then bring consumption to 5.3-5.7 million litres per day, according Krungsri Researches outlook.The study said there would ...

IIASA researchers have used Sentinel 1 satellite imagery from the European Space Agency to produce a map of the extent and year of detection of oil palm plantations in Indonesia, Malaysia, and Thailand that will help policymakers and other stakeholders understand trends in oil palm ...

Palm oil has long been a major economic backbone of Southeast Asian economies, notably Indonesia, Malaysia and Thailand. But the undeniable environmental impact of extensive deforestation, haze and forest fires caused by oil palm plantations has given the industry a bad reputation that has been ...

The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of using blockchain to facilitate palm oil trade.A blockchain system would cut out the middleman between palm planters and palm oil mills, in theory allowing planters to sell ...

The Energy Ministry is preparing to adopt food traceability technology by June to prove that crude palm oil is locally produced and prevent smuggling from neighbouring countries, aiming to deal with the huge annual surplus.Energy Minister Sontirat Sontijirawong said the ministry will randomly inspect crude ...

A meeting to discuss the palm price guarantee scheme failed as the government had already fixed the agenda, Sittiporn Jariyapong, vice-chairman of the National Farmers Council, said.The guaranteed price was fixed at Bt4 per kilogram but the government has said it will compensate based on ...

An oversupply of fresh palm nuts has prompted authorities to boost prices by marking up the price of cooking palm oil, much to the dismay of retailers.While such a move could boost palm nut prices, it could also impact food prices and the cost of ...

The Ministry of Commerce has stressed the government’s efforts to solve low pricing of oil palm kernels, bringing forward measures over the next two months to bring down the stock volume to a normal level.Keep watching ...

The Ministry of Energy has issued two urgent measures to prop up the price of oil palm, buying up raw palm for energy production and the production of biodiesel starting from December.Keep watching ...

The Energy Ministry is considering using a surplus of crude palm oil this year to replace fossil fuels for power generation at two state-run plants in Chachoengsao and Ratchaburi.The tentative plan is to be implemented at Bang Pakong power plant, owned by the Electricity Generating ...