Crude Palm Kernel Oil(CPKO) prices than that of 1Q2017. Under these circumstances, the government has maintained B7 mandate in this quarter, comparing to the mandate of B5 back in 1Q2017. For Natural

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

high, resulting to the soften Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO) price than that of 3Q2017. Under these circumstances, the government has maintained B7 mandate in this quarter. Besides

3,249 -33% 2,438 -10% - Mid Cut 1,225 1,241 -1% 1,157 6% - Long Chain 1,180 1,183 -0.3% 1,106 7% Average Fatty Alcohols (2) 1,289 1,385 -7% 1,244 4% Crude Palm Kernel Oil (CPKO) (3) 800 677 18% 742 8

2021, together with the government’ measures; the subsidy to crude palm oil and crude palm kernel oil export which led to the domestic crude palm oil stock level of 200,000 tons in 2021, causing the

volume was increased by 139.09% as compared to 2021. In this regard, the revenue from selling raw materials, by-products and others is including export of CPO and sales of RBD palm oil, RBD palm kernel oil

palm oil and crude palm kernel oil (CPKO) comparing with previous year. Under these circumstances, the Thai government has maintained biodiesel mandate at B7 for whole year. In addition, the government

% - Mid Cut 1,044 1,110 -6% 1,225 -15% 1,134 1,176 -4% - Long Chain 1,084 1,108 -2.2% 1,180 -8% 1,132 1,146 -1% Average Fatty Alcohols (2) 1,120 1,263 -11% 1,289 -13% 1,204 1,324 -9% Crude Palm Kernel Oil

Analysis | 2 Executive Summary In 2Q2018, Domestic palm oil production has increased as well as in other countries, consequence to lower Crude Palm Oil (CPO) prices and Crude Palm Kernel Oil (CPKO) prices

’ measures; the subsidy to crude palm oil and crude palm kernel oil export which led to the domestic crude palm oil stock level of 200,000 tons in 2020, causing the price of crude palm oil to rise, with the