Palm Oil
- Thailand News
Commerce Ministry investigates oil palm price drop
The Commerce Ministry directed the Internal Trade Department to investigate the recent drop in oil palm prices by visiting provinces known for palm plantations. This initiative follows complaints from growers about reduced purchase prices. Commerce Minister Phumtham Wechayachai instructed Wattanasak Sur-iam, director-general of the Internal Trade Department, to assess the situation in Phang-Nga, Krabi, and Surat Thani provinces. The goal…
- Thailand News
Palm oil factory fire in Patthalung causes over 3 million baht in damages
A palm oil factory in Patthalung was engulfed in flames, resulting in losses exceeding 3 million baht. The blaze required assistance from several water trucks to bring it under control. Police Lieutenant Colonel Paradanan Meeboon, the duty inspector of Patthalung’s City Police Station, received a report of a fire at the palm oil factory along the Patthalung-Hat Yai Road in…
- Economy News
Thailand’s bottled palm oil price drops slightly
After Thailand’s price of bottled palm oil has kept surging and surging for months, it has now finally come down a bit. Prices in department stores and supermarkets 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…
- Thailand video news
Thailand News Update | Thailand ready for an Influx of tourists
Thailand slid into 8th place in a survey of 1 thousand 500 Americans on the world’s safest travel destinations but is still in the world’s top 10. Canada snagged the winning spot during this survey in 1st place, followed by Iceland, Sweden, Japan, Ireland, Switzerland, South Korea, Thailand, New Zealand and Australia. Thai PM Prayut Chan-o-cha has welcomed the ranking,…
- Thailand video news
Thailand News Update | Thailand tourism to increase after May 1st
Nearly a hundred Patong bar owners and staff gathered at Patong Bay Hill Resort in Phuket to protest the recent “extension” of official alcohol sales to midnight. The group says the operating hours of the entertainment zone in Phuket and Pattaya shouldn’t just officially be extended to midnight, but to 4 am. They also demanded the government stop calling them “restaurants”… under…
- World News
Indonesia and Malaysia agree not to compete over palm oil prices
After a meeting yesterday, Malaysian and Indonesian officials agreed that their countries would not compete over palm oil prices. Malaysia’s PM announced the agreement with Indonesia’s president after their meeting. He said that he and the Indonesian president will determine the price together. The two countries account for roughly 85% of the world’s palm oil production. Indonesia is struggling to…
- World News
Asia News Today | Record Covid cases in South Korea, Japan and Australia add extra Russia sanctions
The Asia-Pacific region has been lagging behind other parts of the world, in regards to Covid recover, but now appears primed for a tourist and business travel comeback. Unlike most of North America and Europe, the omicron variant surge in most locations in the Asia-Pacific region still hasn’t peaked. Countries including South Korea, Thailand, Hong Kong, Malaysia, Singapore and Vietnam…
- World News
Asia News Today | Japanese government “on alert” for local provocations, here comes 6G”
The Japanese government says it’s on alert for any provocations in East Asia… specifically from China, Russia and North Korea. In addition to North Korea’s launch of a ballistic missile into the Sea of Japan last Sunday, military exercises conducted by China and Russia are becoming more active in the waters and airspace around Japan over the past 3 months,…
- Environment News
Haze from Indonesia’s forest fires affecting Thailand’s south
The ongoing forest fires in Indonesia are affecting Thailand’s south, bringing smog and a lingering haze to many provinces. Thai PBS World reports that school children at two municipal schools in Trang have received 3,000 face masks from Provincial Governor Luechai Charoensap and city mayor Apichit Wenothai. Distribution of the masks comes as local authorities warn residents to wear masks…
- World News
Smoke from Indonesian illegal plantation burn-offs causing acute problems for south east Asian neighbours
PHOTO: Visibility down to less than a kilometre at KL airport yesterday Flights cancelled, schools closed and regional environmental ministers trading insults. The minister’s fiddle whilst Indonesian islands burn. Parts of Indonesia are now opening temporary clinics to treat thousands of people suffering from acute respiratory illnesses in the smoke haze stricken regions around Sumatra island as authorities stepped up…
- South Thailand News
Commerce Ministry talks up benefits of palm oil for generating power
While the Thai government is promoting the use of palm oil to produce power, the latest price of the oil remains lower than the cost of producing it because the volume of output was 30% more than the expected quantity. The Ministry of Agriculture and Cooperatives will survey the real quantity of palm oil to be released onto the market…
- South Thailand News
Government to give cash handouts to oil palm planters
The National Oil Palm Committee, led by Deputy PM Prawit Wongsuwan, plans to give away 1,500 baht per rai cash handout to 150,000 oil palm planters in a massive subsidy for their production cost. The subsidies arrive with almost perfect timing for the ruling NCPO in the lead up to the national election in February and the rise of the…
