Thailand sees policy measures absorbing 420,000 ton palm oil surplus by May

November 27, 2018 |

In Thailand, the Bangkok Post reports that by May 2019, the country should be able to absorb as much as 420,000 metric tons of the current palm oil surplus thanks to switching two major power plants to palm oil, pushing large buses and trucks to B20 and lifting the small car fleet blending mandate to 6.9% from the current 6.6%. The government estimates that if these surpluses are absorbed then palm oil prices will rise as a result.

Category: Fuels

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