While the Thai government is promoting the use of palm oil to produce power, the latest price of the oil remains lower than the cost of producing it because the volume of output was 30% more than the expected quantity. The Ministry of Agriculture and Cooperatives will survey the real quantity of palm oil to be released onto the market to determine a solution to the problem
The National Oil Palm Committee, led by Deputy PM Prawit Wongsuwan, plans to give away 1,500 baht per rai cash handout to 150,000 oil palm planters in a massive subsidy for their production cost.