First palm oil purchase contract to be signed tomorrow

Economics, News May 21, 2019

First palm oil purchase contract to be signed tomorrow

First palm oil purchase contract to be signed tomorrow

BANGKOK, 21st May 2019 (NNT) — The Electricity Generating Authority of Thailand is signing the first purchase contract among those for a total of 200,000 tons of palm oil for use in the production of electricity tomorrow. Such purchases will raise the raw palm price by three baht per kilogram in favor of palm growers.

Deputy EGAT Governor for Fuels Thawatchai Chakphaisal said the agency had invited 149 registered palm oil extracting factories to bid for 100,000 tons of raw palm oil on May 16 for a medium price of 16.50 baht per kilogram.

Fifteen extracting factories have submitted bidding documents and qualified to bid for a combined 45,300 tons of raw palm oil for which the purchase contract will be signed tomorrow. The winning factories are obliged to deliver their palm oil within 15 days from the date on which the contracts are signed to warehouses of Surat Thani province beginning on Thursday.

Source:

Older Post Home Newer Post

See also

When is the best time to visit Thailand?
When is the best time to visit Thailand?

Before planning your next trip, one of the things you may need to consider is the weather. The weather is one of the crucial deciders on how... Read More…

Alzheimer’s patient forced out of Thailand
Alzheimer’s patient forced out of Thailand

“Thailand talks about being a hub for medical care but the immigration rules are just not conducive to that, especially in our case.” Thai... Read More…

Oodles of Thai noodles
Oodles of Thai noodles

Noodle recipes are evolved through time. More noodle shops spring up each day and offer new kinds of noodle dishes. This is why there are so... Read More…

Cock Fighting in Thailand — Thai Fighting Cocks
Cock Fighting in Thailand — Thai Fighting Cocks

Cock fighting in Thailand is legal and very popular in many areas, particularly in the rural North/North East. On the other hand gambling is... Read More…

Gambling in Thailand — Underground Thai Lottery
Gambling in Thailand — Underground Thai Lottery

Gambling in Thailand is for the most part illegal. Outside of the official Thai lottery, gambling on the outcome of events such as Muay Thai... Read More…

Is Thailand a bad place to visit? Is it too vulgar?
Is Thailand a bad place to visit? Is it too vulgar?

Is Thailand Vulgar. Well yes it is in parts. That said where aimed at tourists isn’t vulgar in parts. The sex industry is pretty big. That... Read More…

Top 10 scams in Thailand
Top 10 scams in Thailand

Firstly, I should say that just about any hot tourist spot around the world is going to attract people, sometimes greedy locals, who will be... Read More…

Bangkok: The Sinking City Faces Severe Climate Challenges
Bangkok: The Sinking City Faces Severe Climate Challenges

BANGKOK — Sceptics may question climate change, but in Bangkok, the impacts are already being felt—and are undeniable. Rainy season used to ... Read More…

Law to protect patients from private hospital overcharging now in effect
Law to protect patients from private hospital overcharging now in effect

The new consumer rights were announced by the Commerce Ministry. The ministerial announcement, which is now enforceable, aims to impose pr... Read More…

Call for tourist limit on Koh Lan to solve garbage issue
Call for tourist limit on Koh Lan to solve garbage issue

Sonthi Kotchawat, in his Facebook post on Thursday, also said that tour operators should transport their customers garbage back to the mainl... Read More…