The Department of Internal Trade says oil palm prices received by farmers have remained at good levels since March 2026, not below 7 baht per kilogram and peaking at 8.45 baht per kilogram, for about 25 weeks, thanks to system-wide balance management and the promotion of palm oil use in the energy sector. Mr. Witthayakorn Maneenet, Director-General of the Department of Internal Trade, said after the 7th meeting of the Oil Palm Balance Management Subcommittee in 2026 that continued use of palm oil in the energy sector has helped create domestic demand and benefited farmers. For September 2026, the meeting approved the second approach for balance management, with ending stocks expected at about 313,000 tonnes and an export framework of about 70,000 tonnes, which is not lower than the roughly 65,000 tonnes proposed by exporters.
Government promotion of palm oil use in energy sector boosts domestic demand, keeping prices strong.
