Thailand to control crude palm oil exports, bottled prices starting April 7
Sign up now: Get insights on Asia's fast-moving developments
Thailand is projected to produce 21.87 million tonnes of palm oil and 3.94 million tonnes of crude palm oil in 2026.
PHOTO ILLUSTRATION: PIXABAY
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Follow our live coverage here.
BANGKOK – Thailand’s Commerce Ministry said on April 6 that it will tighten crude palm oil exports and control bottled palm oil prices starting from April 7, with biodiesel demand rising because of soaring global fuel prices driven by the Middle East conflict.
These measures, including the maintenance of energy reserves, will not impact farmers, who will continue to be protected by the government, the ministry said.
Thailand, the world’s third-largest palm oil producer, is projected to produce 21.87 million tonnes of palm oil and 3.94 million tonnes of crude palm oil in 2026, according to the Office of Agricultural Economics.
Under an order published in the Royal Gazette on April 5, Thailand has tightened controls on crude palm oil exports, requiring exporters to seek government approval before shipping the commodity abroad.
The measure takes effect on April 7 and will remain in force for one year.
The permit control order, dated April 3 and signed by the director-general of the Internal Trade Department under the Commerce Ministry, requires exporters to provide details including the destination country, export volume, and the price at which the commodity will be sold.
Exporters must submit an invoice to the authorities within three days of shipment, with each permit granted under the order valid for only 30 days, the order stated. REUTERS
