webfact Posted May 20, 2022 Share Posted May 20, 2022 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/ -- © 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 comment Share on other sites More sharing options...
Popular Post RafPinto Posted May 20, 2022 Popular Post Share Posted May 20, 2022 Soon our friend will post here. He complains about expensive wine and soon, he will see that wine is cheap but cooking oil is expensive.???? 1 2 Link to comment Share on other sites More sharing options...
KhunLA Posted May 20, 2022 Share Posted May 20, 2022 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. 1 Link to comment Share on other sites More sharing options...
RafPinto Posted May 20, 2022 Share Posted May 20, 2022 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 comment Share on other sites More sharing options...
jacko45k Posted May 20, 2022 Share Posted May 20, 2022 Just now, RafPinto said: That was probably the massage oil. Yes, I said Palm Oil....... Link to comment Share on other sites More sharing options...
bkk6060 Posted May 20, 2022 Share Posted May 20, 2022 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 comment Share on other sites More sharing options...
The Hammer2021 Posted May 20, 2022 Share Posted May 20, 2022 Palm oil does not need to be used and there are plenty of alternatives 1 Link to comment Share on other sites More sharing options...
Popular Post ChrisY1 Posted May 20, 2022 Popular Post Share Posted May 20, 2022 Stop using palm oil! Palm oil wrecks forests! It's garbage and should be banned! 3 Link to comment Share on other sites More sharing options...
mtls2005 Posted May 20, 2022 Share Posted May 20, 2022 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? 1 Link to comment Share on other sites More sharing options...
The Hammer2021 Posted May 20, 2022 Share Posted May 20, 2022 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 comment Share on other sites More sharing options...
Andycoops Posted May 20, 2022 Share Posted May 20, 2022 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 comment Share on other sites More sharing options...
ukrules Posted May 20, 2022 Share Posted May 20, 2022 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 comment Share on other sites More sharing options...
SymS Posted May 20, 2022 Share Posted May 20, 2022 Stocked up 12 bottles of cooking oil earlier this year. There aren't any small savings ???? Link to comment Share on other sites More sharing options...
thailand49 Posted May 20, 2022 Share Posted May 20, 2022 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 comment Share on other sites More sharing options...
Popular Post Adumbration Posted May 20, 2022 Popular Post Share Posted May 20, 2022 I have posted before and I will post again. This has little if anything to do with supply chain distrubtion and everything to do with the fact that just a handfull of families own everything here in Thailand and they are currently on a price gouge binge because they have lots of excuses an there is now absolutely no one to pull them into line. 5 1 Link to comment Share on other sites More sharing options...
CharlieH Posted May 20, 2022 Share Posted May 20, 2022 Off topic posts and responses to them removed. Link to comment Share on other sites More sharing options...
RafPinto Posted May 20, 2022 Share Posted May 20, 2022 (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 May 20, 2022 by RafPinto Link to comment Share on other sites More sharing options...
mahtin Posted May 20, 2022 Share Posted May 20, 2022 2 hours ago, The Hammer2021 said: Rice bran oil Nice, but hard to find under 100 Baht. Link to comment Share on other sites More sharing options...
Misterwhisper Posted May 21, 2022 Share Posted May 21, 2022 Great news! You guys are using waaaay too much oil in your Thai cooking anyway. Plus your overuse helps destroy more and more rainforest. 1 Link to comment Share on other sites More sharing options...
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