Bottled palm oil price soars to over 70 baht per litre

25 Sept 06:15 Key points summarised by AI

Bottled palm oil prices have surged past 70 baht per litre in most markets, defying the Commerce Ministry's recommended range of 65-68 baht, with some retailers selling for up to 76 baht.
The price hike is attributed to several factors, including Indonesia's crude palm oil export ban, attractive global export prices leading Thai producers to increase exports significantly, and rising production costs, such as oil palm seeds reaching 13 baht/kg.
Palm oil producers assert that bottled prices should be 77-78 baht/litre due to high costs, with some circumventing appeals by using smaller bottles to maintain profit margins.
The Commerce Ministry has been hesitant to declare palm oil a controlled product, partly due to political considerations related to oil palm farmers in southern provinces.

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

Yesterday 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.