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Palm price hits Global Green

 Global Green Chemicals Plc has announced a net loss of Bt1.16 billion for 2018, with a drop from its 2017 net profit of Bt520.93 million, according to the company’s report to the Stock Exchange of Thailand late on Monday.

Causes include high palm oil production and crude palm oil inventory in 2018 in both domestic and international markets, which lowered the price of crude palm oil and crude palm kernel oil compared with the previous year, the company said.

Published : February 19, 2019

By : The Nation