realized loss of 5.76 million Baht in the 3rd quarter of 2019 as follows; The result of the 3rd quarter of 2020 (Unit: Million Baht) Biodiesel Edible oil Byproduct Palm oil refining service Refined Glycerine
year which incurred the realized revenue of Baht 4,373.87 million, where the reasons are summarized as follows; 1.1 Sales of Biodiesel, Edible oil Refined Glycerine, Raw material and By-product For 3rd
storage of crude palm oil cannot be stored separately. As a result, the production cost fluctuates according to the raw material price during the changing period. For 2nd quarter of 2022, Refined
is under the expectation after the announcement of biodiesel blending mandatory changed from B7 to B10. However, the average biodiesel selling price is significantly increased, which tracked the Crude
oil Refined glycerine Byproduct Vessel operating Total Sale and service Other income Total revenues Revenues from sales and services 1,455.25 0.00 1,455.25 0.93 1,456.18 Cost of sales and services
is expected to be slow growth driven by tariff barriers of international trade such as an increasing of the tax on refined palm oil by India government, attributed to continuously pressure on crude
1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm
into quarter on quarter gain. The financial performance of MTBE continue to see improvement as gasoline inventory gets normalized with the ease down of lockdown and improved crude oil prices
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
Ratios 19 P a g e | 3 - Management Discussion and Analysis 2Q2020 - Executive Summary In 2Q2020, crude palm oil (CPO) price was higher than 2Q2019 caused by the implementation of biodiesel B10 as the