oil price, which is a substitute raw material compared to growing of crude palm oil price. In contrast, market P2F of natural fatty alcohols in FY2019 was at 507 USD/ton, improved by 8% from FY2018
market, while the market demand was limited, chiefly from a growing health concern, trade barriers from some countries and increasing production of substitute goods which is coconut oil, attributed to
by rising of its output while demand of crude palm kernel oil for edible oils and oleo chemicals was not growing that much. Natural fatty alcohols in 2Q/2019 has shown steady demand compared to 2Q/2018
| 2 Executive Summary In 3Q/2019, overall palm oil production and crude palm oil (CPO) inventory remained high in both domestic and international market, thus crude palm oil (CPO) and crude palm kernel
to an inventory gain of THB 856 million. However, there was a loss from crude and product oil price hedging contract at THB 75 million. Furthermore, the refinery planned to manage the stocks of
parent THB 620 million (68% QoQ, 140% YoY). Earnings per share was THB 0.38. As for 2019 performance of the company and its subsidiaries, it is still affected by the fluctuations in oil price of the global
from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging
high. In contrast, the market demand was diminished as some countries have raised palm oil import duties to protect their agriculture industries and consumer health concern trend has been growing. Also
the parent was THB 528 million (-46% YoY, +147% QoQ). Earnings per share was THB 0.38, with performance from each business group as follow: Performance of refinery and oil trading business was still
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of