Cabinet Called EGAT CPO to Buy Another 200,000 Tons For Power Plants, Extending B20 Subsidies to Help Farmers.
8-5-2018–Yesterday (7 May 2019) at Naree Club Building, Government House, Bangkok)
Dr. Siri Chiraphongphan Minister of Energy announced that the cabinet has delegated the Electricity Generating Authority of Thailand (EGAT) to purchase crude palm oil continuously in the amount of 200,000 tons to be used as electricity for generating electricity at Bang Pakong Power Plant, from which the project had already been purchased for 1.6 hundred thousand tons and delivered the last installment on April 20 by buying this time Will be delivered at the CPO depot The first 100,000 tons of Surat Thani Province in May.
Dr. Siri revealed that the meeting of the Royal Thai Embassy on 3 May 2019 had agreed to extend the discount period for the B20 diesel retail price to be 5 baht per liter lower than normal diesel fuel for another two months (until On July 31, 2019) in order to encourage the use of diesel fuel B20 in large trucks and pick-up trucks that are continuously certified. to help oil palm growers and reduce transportation costs.
Expected that by early June The whole palm oil stock system will return to balance and palm planters will be able to sell palm fruit at a level close to 3 baht per Kilogram
