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Bangkok Post
Bangkok Post
Business

Government upbeat on price outlook of palm nuts

Palm nut prices are now quoted at 4.40-5 baht per kg.

The government remains bullish on the price prospects of domestic fresh palm nuts, although local production and demand and global palm oil prices remain highly volatile.

Udom Srisomsong, deputy director-general of the Internal Trade Department, said the price of fresh palm nuts should keep rising if Thailand can increase exports of crude palm oil, while the government promotes and supports the use of biodiesel, helping absorb domestic crude palm oil supply.

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