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Ministry predicts palm oil prices to dip

A vendor prepares pork meat for sale at a fresh market in Samut Prakan. Somchai Poomlard

Despite mounting pressure from high oil prices, the Commerce Ministry has found the prices of certain products such as pork are declining.

Speaking after a war room meeting to supervise the prices of essential products and address inflation, commerce permanent secretary Boonyarit Kalayanamit said the overall price situation remains unchanged, though some items such as pork had dropped since last week.

Red pork prices are quoted at 164-170 baht per kilogramme, down from 187 baht per kg on Jan 30, while the prices of fresh chicken at shopping malls now average 65 baht/kg, within the range allowed by the ministry.

Mr Boonyarit said the prices of bottled palm oil for cooking are unlikely to increase and are expected to…

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