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Palm price tumble invites suspicion

Following the decline in palm prices, Big Fort Investigate quickly if anything seems odd

Big Pom was told to look into the reason why palm prices dropped. against international market prices found that the trading yard and the mill for extracting palms had ceased operations. Discovered a dubious mill for extracting palm trees up close. ordered a thorough investigation, but no criminal crimes were discovered.

Gen. Prawit Wongsuwan, the deputy prime minister, was informed of this today (12 January 2023), according to Pol. Gen. Thammasak Wicharaya. He has kept an eye on the situation with plantation-produced palm bunches that are waiting in line to be sold as the head of the National Oil Palm Policy Committee. has appointed Pol. Gen. Thammasak Wicharaya as the head of the subcommittee and the price of purchasing palm bunches has been reduced as a result of the palm extraction mill and The Pouring Yard ceasing to accept purchases.

Investigate the surroundings as soon as possible. According to the inquiry, there are currently 22 oil palm extraction plants and trading hubs in the provinces of Surat Thani, Chumphon, Nakhon Si Thammarat, Trang, and Krabi.

Traders have also stopped purchasing palm bunches at this time. despite the fact that the price of crude palm oil in the world market remained stable at a level of 3,900–4,100 ringgit per tonne, or 32 baht per kg, including domestic crude palm oil stocks from the Department of Internal Trade’s real-time system, it unfairly depressed the palm truck queues leaving the palm plantation.

It was determined that the current stock level is 3.08 hundred thousand tons, or 32.2%, of the nation’s palm oil storage tanks’ capacity. More than 9.58 million tons of palm oil may be stored in more than 500 tanks. Currently, General Prawit is aware of the identities of five provinces’ worth of palm oil processing facilities, including seven in Surat Thani, eight in Krabi, four in Nakhon Si Thammarat, two in Trang, and one in Chumphon that operate as part of an association and are tightly clustered together.

The chairman of the MPC, who oversees palm measures, is anticipated to be in charge of it. system oil has been ordered. Investigation and investigation into the root of what is happening are integrated by the Permanent Secretary of the Ministry of Industry, the Governor, the Provincial Police Commander, and the Heads of the pertinent Provincial Government agencies.

Consider taking action in line with the authority listed in the list of operators if it is determined that there has been a legal infringement. to reduce the current suffering of palm farmers, to hasten problem-solving, and to raise awareness of cutting oil palm.

Purchases of factories and disposal sites are also possible, particularly if a situation is set up to stir things up and Hua demands for a higher price. According to the KorKor’s declaration, palm oil falls under this category of restricted goods. If a behavior is discovered to be a violation in accordance with Section 24 of the Goods and Services Act, A penalty of up to 7 years in prison and a fine of 140,000 baht, or both, is imposed for changing the price of products or services in violation of Section 29.

It falls under the purview of the provincial department of commerce and the department of internal trade, who should think about complaining to the investigating officer. In order to quickly restore the situation to normal, Gen. Prawit emphasized that the province governor Integrate to identify the source and take the necessary corrective action.

Having a provincial working group will also help spread knowledge and understanding of palm plantation owners and businesspeople. The extraction mill and the disposal area The buyer works with farmers to solve their difficulties. palm.

They must purchase palm bunches, though, at a reasonable cost. According to the Ministry of Commerce’s set price structure, the Ministry of Industry was tasked with inspecting every factory in the region in accordance with the EPA’s standards, which set the extraction rate of palm oil at 18% or higher.

This included reporting the findings of a fact-finding investigation into the halting of the production line for maintenance at each palm oil mill, whether it was true or not, and devising ways to avoid a situation like this from occurring.

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