Bt1.2 bn for PWO to import palm olein
The Public Warehouse Organisation will spend Bt1.2 billion to import 30,000 tonnes of palm olein by the end of next month.
The olein will be distributed to six plants to ease the domestic shortage of cooking oil.
The Cabinet on Tuesday approved the PWO's proposal after the country's palm-oil reserves dropped to only 82,000 tonnes. The working stock level should be 120,000-150,000 tonnes.
PWO president Pisut Chalakornkul said yesterday that the state enterprise is preparing to start shipping in the crude palm oil soon.
The six cooking-oil manufacturers earmarked for the imported olein comply with the Palm Oil Manufacturers Association and have also purchased domestic palm oil for production.
They should pay Bt50 satang per kilogram for the import operation.
The government has delayed importing palm oil while waiting for the new palm-nut harvest to enter the market in March.
The local supply problem has prompted cooking-oil manufacturers to hike retail prices by Bt5.50 to Bt49 for a one-litre bottle.
Petchanet Pratruangkrai
The Nation
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