Jump to content

Bottled palm oil price soars to over 70 baht per litre


webfact
 Share

Recommended Posts

image.jpeg

 

Despite appeals to palm oil producers, by the Commerce Ministry, to maintain their ex-factory price at between 65 and 68 baht per one-litre bottle, the price of bottled palm oil has soared to over 70 baht per litre in most markets.

 

A random survey, conducted by Thai PBS reporters, shows the retail price of the bottled palm oil ranges from 70-76 baht in some markets and, while the price remains at 68 baht/bottle or lower in department stores, each customer can only buy six bottles at a time.

 

Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe

 

A grocery store-owner said that she had to increase the retail price because the cost of a pack of 12 bottles at the wholesaler is about 800 baht and, if she is to sell them at 70 baht each, she can only make about 3 baht per bottle.

 

Full story: https://www.thaipbsworld.com/bottled-palm-oil-price-soars-to-over-70-baht-per-litre/

 

Logo-top-.png

-- © Copyright Thai PBS 2022-05-20
 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

Link to post
Share on other sites

Russia's fault ... fake oil shortage = more palm for biofuels, less for cooking.  Supply & demand.

 

Not buying it myself, palm or the BS.  Just don't stop making E85.

  • Like 1
Link to post
Share on other sites

2 minutes ago, jacko45k said:

Simpler than that... she needed to buy Palm Oil on the way home after work......

That was probably the massage oil.

Link to post
Share on other sites

Just now, RafPinto said:

That was probably the massage oil.

Yes, I said Palm Oil.......

Link to post
Share on other sites

8 minutes ago, jacko45k said:

Simpler than that... she needed to buy Palm Oil on the way home after work......

Can't stop laughing at that one..  🙂

 

The price increase seems minimal but they use a lot of oil here in food prep. expect price increases especially smaller inexpensive markets.

Link to post
Share on other sites

1 minute ago, ChrisY1 said:

Stop using palm oil! 

Easy for you to say, but the thai cook to order food industry prepares millions of dishes per day. and many require palm oil.

 

What do you suggest they use? Cake?

 

Palm oil[1] yield per unit of land is 6-10 times[2] higher than for other oil crops such as soy, rapeseed, sunflower, coconut and olive. This means oil palm has the lowest production cost among vegetable oils.

 

https://www.krungsri.com/en/research/industry/industry-outlook/agriculture/sugar-(1)/IO/io-oil-palm-20-th

 

 

Indonesia lifted their palm oil export ban this week so there should be some price stabilzaiton/relief?

  • Like 1
Link to post
Share on other sites

3 minutes ago, mtls2005 said:

Easy for you to say, but the thai cook to order food industry prepares millions of dishes per day. and many require palm oil.

 

What do you suggest they use? Cake?

 

Palm oil[1] yield per unit of land is 6-10 times[2] higher than for other oil crops such as soy, rapeseed, sunflower, coconut and olive. This means oil palm has the lowest production cost among vegetable oils.

 

https://www.krungsri.com/en/research/industry/industry-outlook/agriculture/sugar-(1)/IO/io-oil-palm-20-th

 

 

Indonesia lifted their palm oil export ban this week so there should be some price stabilzaiton/relief?

Rice bran oil

Link to post
Share on other sites

Personally I don't buy the environmentally toxic stuff eradicating forests and wildlife and much prefer the healthiest oil which is of course olive.

Link to post
Share on other sites

31 minutes ago, mtls2005 said:

Indonesia lifted their palm oil export ban this week so there should be some price stabilzaiton/relief?

Yes

Link to post
Share on other sites

Stocked up 12 bottles of cooking oil earlier this year. There aren't any small savings 🙂

Link to post
Share on other sites

I don't know the economics as to why but I remember short of two years, I was buying the cheapest at 24-28 baht at Lotus, then read a story that Palm Oil produces protested the price was too low thereafter it steady started to rise. The cheapest on the shelf of Makro yesterday was 78, baht!

Link to post
Share on other sites

Posted (edited)
4 hours ago, jacko45k said:

Yes, I said Palm Oil.......

My last massagist must have used palm oil because a little tree was growing.

Edited by RafPinto
Link to post
Share on other sites

2 hours ago, The Hammer2021 said:

Rice bran oil

Nice, but hard to find under 100 Baht.

Link to post
Share on other sites

Great news!

 

You guys are using waaaay too much oil in your Thai cooking anyway.

Plus your overuse helps destroy more and more rainforest.

  • Haha 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...