Oil palm growers in Krabi to protest over falling price
A group of oil palm growers vowed to hold an anti-government protest at Krabi Provincial Hall on Tuesday as the price of oil palm in Thailand is likely to drop further.
Chayodom Suwanwattana, chairman of the oil palm growers of Thailand group, said the price of oil palm was currently at THB4 per kilogram compared to THB7.60-7.80 per kg in Malaysia.
He also said that the price of 46-0-0 fertiliser for oil palm had increased from THB550 on August 28 last year to THB750 on April 15 this year.
"Meanwhile, the price of 18-46-0 fertiliser had increased from THB760 on August 28 last year to THB1,080 on April 15 this year," he said.
"Therefore, we will gather at Krabi Provincial Hall on Tuesday to pour oil palm fertiliser and submit a letter to the government."
He added that the rise in fertiliser price had increased farming cost to THB4 per kg.
"It would be better if the oil palm price increases," he added.