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
effect elapsed that led the weather situation back to normal state, and consequence to the continuous growth of palm oil inventory. Furthermore, some countries have raised import duties for palm oil which
, according to CPO stock in Indonesia and Malaysia were still high. Furthermore, market demand is diminished as some countries have raised import duties for palm oil to protect their vegetable oil industry and
oil production was flooded into market after El nino effect elapsed, which consequence to the continuous growth of palm oil inventory. Furthermore, some countries have raised import duties for palm oil
281 USD/ton or 31% to be at 633 USD/ton because in international crude palm kernel oil market, the inventory level stood at the high level in 2Q2019, especially Malaysia’s inventory raised to 490,000
due to the appreciating US Dollar, after the FED raised interest rate 4 times during 2018 to the level between 2.25 to 2.50%, essentially dwindling crude oil demand from importing countries. Average
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
oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained
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
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing