Palm Oil

  • 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,…

  • World News

    Ships caught trying to smuggle palm oil out of Indonesia after export ban

    Following a move by Indonesia’s government to ban crude palm oil from being exported from the country, 2 ships were caught trying to smuggle the product to India and the United Arab Emirates. There has been a palm oil shortage in Indonesia for the past month since the Russia-Ukraine crisis has impacted the supply of vegetable oil in the country,…

  • 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,…

  • World News

    Indonesia’s burning issue – controlling the palm oil giants

    PHOTOS: Donny Sophandi and AFP A brutal Indonesian forest fire season blanketed some of south east Asia in choking smog is renewing scrutiny of the country’s major palm oil and paper companies. Activists are accusing them of breaking promises to halt logging. The monster plantation blazes sent a pall of acrid smoke over the region for weeks, closing schools and…

  • 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…