12/05/2016 (UkrAgroConsult) - The Public Warehouse Organization (PWO) is set to propose the purchase of 100,000 tons of palm oil to help farmers during the upcoming high supply of palm oil in the marketplace.

The PWO Board President Pol Maj Gen Kraiboon Suadsong has revealed the PWO will invite owners of palm oil production factories to discuss rations and conditions of the palm oil purchasing scheme to help famers.

The scheme will be proposed by the PWO to the National Palm Oil Policy Committee for purchasing 100,000 tons of raw palm oil in the new harvesting cycle, which will cause a spike in supply of palm oil in the marketplace from June.

The initial condition for this scheme is for the PWO purchase to be made when the price of palm oil falls below 4.2 baht per kilogram. It is expected that this campaign will require a budget of 253 million baht.

The PWO will also purpose amendments to the conditions of this scheme to include famers who are members of the Cooperative Promotion Department, which would allow them sell their produce within the terms of this scheme. There will also be the proposition of designated purchasing zones to ensure all farmers and factory owners receive equal benefits.