Palm oil farmers and producers pledge to cap bottled palm oil prices

14 Sept 01:53 Key points summarised by AI

Thai palm oil farmers, extractors, and producers pledged to maintain bottled palm oil prices between 64-66 baht/L, cooperating with the Internal Trade department.
This commitment aims to prevent the department from imposing export bans or mandating increased safety stocks, measures considered if national palm oil reserves drop below 300,000 tonnes.
Palm oil prices surged following Indonesia's export ban, driving up the cost of palm seeds and crude palm oil, prompting extractors to increase their stock.
Despite the industry's pledge, retail prices for bottled palm oil have already climbed to 69-70 baht/L, also pushing up prices for other vegetable oils like soybean and sunflower.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.