Prices of palm oil for cooking are likely to dip further next week after manufacturers, department stores and modern trade outlets on Thursday agreed to cut the price of bottled palm oil by 5-6 baht per litre to 62 baht per bottle, in line with lower production costs and improving domestic stocks.
According to Commerce Minister Jurin Laksanawisit, the Internal Trade Department is scheduled to meet again with manufacturers, department stores and modern trade outlets next week to discuss the possibility of further cuts to the retail prices of domestic cooking palm oil.
