ANNOUNCEMENT 02 Jun 2018
On 2 June 2018, the Thai government announced additional support for exports to deal with domestic palm oil surplus.
NUMBER OF INTERVENTIONS
National News Bureau of Thailand, OAE approves measure to deal with domestic palm oil surplus, 02 June 2018. Available at: http://thainews.prd.go.th/website_en/news/news_detail/WNECO6106030010001
Bangkok Post, Export bid to slash palm oil surplus, 4 June 2018. Available at: https://www.bangkokpost.com/business/news/1478325/export-bid-to-slash-palm-oil-surplus
On 2 June 2018, the Thai Office of Agricultural Economics announced the acceleration of crude palm exports to deal with the domestic surplus and stabilise prices.
Palm oil exporters will receive a transport-cost subsidy at THB 1.75 (USD 0.05) per kilogramme.
A total of 300,000 tons of palm oil will be exported over a five-month period from October 2018.