Thailand to order utility to buy 200,000 cu m more palm oil for electricity production

May 9, 2019 |

In Thailand, the Bangkok Post reports that as part of its continued effort to boost consumption of palm oil and thereby improve prices for the all-important commodity, the government plans to order the state-owned utility to buy 200,000 cubic meters of palm oil for electricity production spread out evenly on a quarterly basis over a year. The proposal was out to the cabinet earlier this week. A first tranche of 160,000 tons was already completed by the utility during a previous auction.

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