“This reflects the fact that the government’s policies are in tune with market mechanisms, increasing the price at a higher rate than that of many years,” he said. “Also, the rise in price has proved that the government’s move to tackle problems was headed in the right direction.” 
The minister said the illegal import of palm oil must be monitored strictly by related agencies. 
The palm oil price today increased from between Bt2.50 and Bt3 per kilogramme to around Bt7. 
One of the government’s policies that have helped the price increase was the promotion of biodiesel B10. The government has urged the use of crude palm oil in production and also instructed that oil be extracted from palm fruit.

Palm oil price increase satisfactory: Minister Sontirat

Energy Minister Sontirat Sontijirawong said today (January 14) that the price of palm oil has increased at a satisfactory rate and operations related to it were to manage palm oil stocks while controlling the price so it does not to reach an unproper rate.