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Thailand moves to tackle crude palm oil smuggling from Malaysia

The Thai Government has ordered the Internal Security Operations Command to closely inspect crude palm oil movement along the Thailand-Malaysia border to prevent smuggling from the neighbouring country.
Thailand moves to tackle crude palm oil smuggling from Malaysia ảnh 1Jariya Sutthichaiya, Secretary-General of the Agricultural Economics Office (Source: bangkokpost.com)

Bangkok (VNA) – The Thai Government has ordered the Internal SecurityOperations Command to closely inspect crude palm oil movement along theThailand-Malaysia border to prevent smuggling from the neighbouring country.

Accordingto Jariya Sutthichaiya, Secretary-General of the Agricultural Economics Office,higher prices of crude palm oil (CPO) in Thailand could trigger smuggling fromMalaysia.

Thailand'sCPO price averaged 19.20 baht (0.63 USD) a kilogramme in June, or 6-7 bahthigher than that in Malaysia.

Thegovernment is afraid that CPO smuggling from Malaysia, if left unchecked, maycause a decrease in domestic palm prices, Jariya said after the June 28 meetingof the National Oil Palm Policy Committee.

Averagepalm nut prices rose to 3.45-4.10 baht a kg in June, up from 2.70 baht in May,while CPO stocks fell to 270,000 tonnes from 400,000 in May.

PermanentCommerce Secretary Boonyarit Kalayanamit said the committee on June 28 approveda revised palm oil strategy to fit the national 20-year strategy (2018-37).

Thestrategy covers six areas: production, innovation, standards, energy, marketingand management.

Thecommittee agreed that Thailand should focus on innovation, increase the valueof palm products and develop oleo, a raw material for cosmetics, soaps andchemicals.

Thecommittee also resolved to maintain palm oil farmland at 800,000ha, producing16.8 million tonnes of palm nuts.-VNA
VNA
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