1、 2566THAILAND INDUSTRY OUTLOOK 2024-26Palm Oil IndustryKrungsri ResearchNovember 2023Subscribe UsAuthorChaiwat SowcharoensukSenior AnalystC+662 296 0000 Ext.50880All material presented in this report,unless specifically indicated otherwise,is under copyright to Krungsri Research.None of the material
2、,nor its content,nor any copy of it,may be altered in anyway,or copied to any other party,without the prior express written permission of Krungsri Research.This document is based on public information believed to be reliable.Nevertheless,Krungsri Research would not affirm the accuracy and completene
3、ss of this information.We accept no liability whatsoever for any direct or consequential loss arising from any use of this document or its content.Information,opinions and estimates contained in this report are our own,which are not necessarily the opinions of Bank of Ayudhya Public Company Limited
4、and its affiliates.It reflects a judgment at its original date of publication by Krungsri Research and are subject to change without notice.DisclaimerFor research subscription,EXECUTIVE SUMMARYThe palm oil industry has benefited from improving conditions through 2023.Supply has expanded on more favo
5、rable weather,especially in the South,the incentive effect of elevated prices on growers efforts to maximize production,and better timing of the harvest,which has then resulted in palm fruits having a higher oil content,and as a result overall yields have risen.Sales have also benefited from stronge
6、r domestic demand,the latter resulting from the reopening of the country,the return of the economyand especially the restaurant industryto normal,the rebound in the tourism sector,and the increase in the diesel mix from B5 to B7.However,exports have weakened,as Thai export prices are above global av
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