“Jurin” instituted measures to control the price of palm oil FIPC on 23 May

May 17, 2022

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The Minister of Foreign Affairs instituted measures to control the price of palm oil, FIPC, on May 23, breaking the law to prevent unreasonable profits

Mr. Jurin Laksanawisit, Deputy Prime Minister and the Minister of Commerce revealed that the price of the product Affected by higher world oil prices, which affects production and transportation.

Especially in remote areas, it will be expensive compared to the central area. or that Bangkok The Ministry of Commerce will take care of the price of the final product to be at a reasonable price. which each product will consider allowing the price increase by having to see details of each product Otherwise, it will affect consumers unreasonably. And if any product is found to be in the scope of trade, excessive profits should be strictly prosecuted.

By ordering provincial commerce, all provinces must join the provincial governor as the chairman of the provincial price and service committee. Entering into management, if found trading in excess profit should be punished with imprisonment of not more than 7 years, a fine of not more than 140,000 baht, or both. And while the issue of palm oil, farmers are satisfied with the higher prices from the past few years.

but will result in extraction plant operators and the production of edible palm oil bottles has a higher cost. The Ministry of Commerce has called for a meeting of all parties to try to control the price of edible palm oil not to become an unreasonable profit trade. and try to maintain the selling price at an appropriate level And according to the cost structure of palm fruit at 11-12 baht per kilogram, the price of bottled palm oil will be 75-76 baht per bottle, but the Ministry of Commerce asked for cooperation to maintain the price at 65-68 baht and recently set up a sub-committee consisting of representatives.

Government agencies, farmers sector, extraction plants, edible bottle palm oil factories and exporters to consider and take care of all aspects of palm, including raw palm fruit prices Bottled palm oil should be consumed at a reasonable price, do not trade excessively, and watch the quantity not be in short supply. by offering various measures to attend the meeting of the National Palm Policy Committee or OPEC on May 23