Bangkok: The Department of Internal Trade is gearing up to present its comprehensive energy plan to the Sub-Committee on Palm Oil Balance Management on April 21st. The department aims to put forward detailed plans for energy usage and palm oil exports to align with the nation's supply and demand dynamics.
According to Thai News Agency, Mr. Witiyakorn Maneenet, Director-General of the Department of Internal Trade, emphasized the department's preparedness to present the B7 and B20 energy plans along with palm oil export strategies to the subcommittee. The objective is to establish management guidelines that ensure the country's palm oil supply is balanced, maintaining both price stability and farmers' income. The strategy includes a focus on sufficient supply for domestic use while also addressing the export markets.
In April 2026, the Subcommittee on Palm Oil Balance Management had convened to set an export framework of 200,000 tons, with allocations of 125,000 tons for domestic use and up to 140,000 tons for energy purposes, reflecting an increase from previous figures. This decision aligns with seasonal production levels, and the department collaborates closely with stakeholders to avert any shortages or adverse effects on domestic prices.
Exporters have sought permits to export around 102,000 tons of palm oil as of April, with the department approving these requests, as they fall within the prescribed limits. The department remains open to issuing further permits, contingent on domestic stock and demand conditions.
Mr. Witayakorn highlighted that despite a downward trend in global crude palm oil prices, the department is focused on maintaining the domestic price at approximately 40 baht per kilogram. This measure is essential to ensure farmers receive fair compensation, particularly during peak production times.
As per the data from April 16, 2026, the price of oil palm fruit ranged from 6.80 to 7.50 baht per kilogram, averaging at 7.15 baht, marking a 25% increase from last year's figures. Similarly, crude palm oil prices averaged 40.13 baht per kilogram, showing a 19% rise from the previous year due to heightened energy sector demand.
The department has also mandated strict supervision over palm fruit purchases at extraction plants and collection points, ensuring transparent pricing and accurate weight measurements to protect farmers from exploitation.
For the upcoming meeting on April 21st, the department plans to review the energy usage and export strategies from various businesses, seeking their cooperation in advance planning to ensure balanced management across all sectors.