Crude palm oil exports set to hit 1m tonnes

A bunch of oil palm fruit is gathered at a cooperative in Chiang Rai. Oil palm plantation areas are estimated at 6.2 million rai this year, up from 6.15 million rai in 2022.

Crude palm oil exports may reach 1 million tonnes this year, up from 919,000 tonnes last year, driven by a higher supply of oil palm and strong demand from India and China, according to the Commerce Ministry.

Wattanasak Sur-iam, director-general of the Internal Trade Department, said the ministry plans to increase crude palm oil exports this year as much as possible to maintain the stability of prices in the domestic market.