Analysis | 2 Executive Summary In 2018, palm oil production and crude palm oil (CPO) inventory have remained high in both domestic and international market, which resulted in the decreasing price of crude
oil inventory remained high, crude palm oil (CPO) price continuously declined, as well as Crude Palm Kernel Oil (CPKO) price decreased. This year, the Thai government biodiesel mandate was set to B5 and
existing customer had ordered one-time contract of 2 million liters of Biodiesel lease the company’s storage tanks in order to stock in accordingly to the policy. Since the price of crude palm oil had slump
million, mostly from profit sharing from investment in BBF decreased. Since crude palm oil price has declined, B100 price consequently declined and BBF had to realize an Inventory Loss. Decrease of
million for 2018. In 2018, the Company had prevented conflicts of interest by purchasing crude palm oil (CPOA) from related persons or juristic persons. The buying price is not higher than 30-days
Analysis | 2 Executive Summary In 3Q2018, domestic palm oil production has increased as in other countries, in addition, stock of Crude Palm Oil (CPO) both in Thailand and International market has remained
business operations, namely the trading business of accessories and faucet products and the crude oil palm (CPOA) trading business. This is because the percentage of revenues from the manufacturing business
, whereby the Company will continue to focus on its Trading Business of accessories and faucet products. Furthermore, the Company has started the business of trading crude palm oil type A (CPOA) since October
for Biofuel Business, performance declined from crude palm oil price drop which led to inventory loss. In the quarter, the company and its subsidiaries realized inventory loss of THB 1,096 million, and
two factors; - Raw material price: the average price product from Crude Palm Oil (CPO) in Year of 2017 was THB 28.04 / kg., which lower than Year of 2016 of THB 36.08 / kg. since the price of crude palm