Government Orders Inspection of Oil Palm Inventory

[webfact]

 

By Natthaphon  Sangpolsit

    

BANGKOK (NNT) - Authorities have ordered relevant government agencies to check up on the current inventory of oil palm in the country, as part of efforts to prevent stockpiling and mitigate rising prices.

 

Government Spokesperson Thanakorn Wangboonkongchana said Prime Minister Gen Prayut Chan-o-cha expressed concerns over rising palm oil prices driven by low production output.

 

The premier has urged relevant agencies, including the Ministry of Commerce and the Ministry of Agriculture and Cooperatives, to inspect the inventory of oil palm at warehouses nationwide.

 

Commercial affairs offices are also working with the police to inspect storage facilities, extraction plants and refineries to prevent stockpiling.

 

Those found guilty could face up to 1 year in prison or a fine of up to 20,000 baht, or both, under the Price of Goods and Services Act BE 2542. They can also be fined up to 2,000 baht for each day of violation. Those who fake their inventory reports will meanwhile face up to 6 months in prison in accordance with Article 137 of the Criminal Code.

 

-- © Copyright NNT 2022-01-31

 

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[ChaiyaTH]

I'm sure the factories will be impressed getting a 2K daily fine while earning 200K.

[jacko45k]

Yes, not much cooking oil on the shelves when I went to the distributor Saturday. 

[hotchilli]

4 hours ago, webfact said:

Authorities have ordered relevant government agencies to check up on the current inventory of oil palm in the country, as part of efforts to prevent stockpiling and mitigate rising prices

Seems everyone is jacking up prices... 

[hotchilli]

1 hour ago, jacko45k said:

Yes, not much cooking oil on the shelves when I went to the distributor Saturday. 

Went to Big C Saturday, they have an entire aisle of shelves stacked with cooking oils..

must be thousands of bottles.

[jacko45k]

3 minutes ago, hotchilli said:

Went to Big C Saturday, they have an entire aisle of shelves stacked with cooking oils..

must be thousands of bottles.

I actually didn't look when I went to Big-CX on Sunday.... had already found some. The place I went to Saturday services the village areas, likely a lot of mom and pop stores. It is possible they had a rush on for the Chinese New Year too. 

[RocketDog]

3 minutes ago, hotchilli said:

Went to Big C Saturday, they have an entire aisle of shelves stacked with cooking oils..

must be thousands of bottles.

Yes, but is it 'palm' oil or 'plam oil'?

Signs for one aisle in Makro list 'plam oil'. I also see it in the list of ingredients in other foods.

 

I became curious enough to do a web search and found nothing for plam oil. Unique to the Kingdom? Probably has magical healing properties is my guess, maybe even cannabis leaf infusion? 

Don't believe me? Start reading some labels.

 

TIT. ????

[pokerface1]

The share price of VPO jumped from 2 baht to 2.43 last week IMO that’s why they are checking for stock levels. 

[hotchilli]

1 hour ago, jacko45k said:

I actually didn't look when I went to Big-CX on Sunday.... had already found some. The place I went to Saturday services the village areas, likely a lot of mom and pop stores. It is possible they had a rush on for the Chinese New Year too. 

Personally I buy Coconut oil from my local CJ Store..

Saturday I was having a peek at Big C as I was going to Home Pro which is next door.

[huangnon]

Hopefully, people might start using other alternatives to palm oil.

[RocketDog]

7 hours ago, huangnon said:

Hopefully, people might start using other alternatives to palm oil.

Plam oil.