Thailand orders 40% increase in biodiesel stocks to support palm fruit prices

June 21, 2017 |

In Thailand, the government is calling for a 40% increase in biodiesel stocks held by oil companies to 90 million liters to help absorb excess palm oil supplies and support prices. Palm fruit prices were expected to respond within a week as a result of the policy shift. The country currently blends 7% biodiesel. About half of the country’s palm oil production goes towards biodiesel while the remainder is used for food. The government is also moving to establish a floor price for palm fruit.

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Category: Policy

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