Check the Palm Oil Market After the Price Surges.

bangkok: The price of palm oil in the market has recently increased from around 10 baht per bottle, causing consumers to groan. Meanwhile, palm oil farmers said that even though the price of palm oil is currently the best in years, farmers still have no palm to sell.

According to Thai News Agency, the surge in palm oil prices has not translated into increased profits for farmers due to a shortage of palm oil to sell. This discrepancy between market prices and agricultural supply has left both consumers and producers in a challenging situation. With the rise in prices, consumers have expressed their dissatisfaction as they face higher costs for purchasing palm oil.

Farmers, on the other hand, are experiencing frustration despite the favorable market conditions. The lack of available palm oil to sell means that they cannot capitalize on the price surge. The current scenario highlights a mismatch between market demand and supply, affecting various stakeholders in the palm oil industry.