VPO Gains 11% after Thailand Oil Palm Board Extends Deadline for Palm Exports till Sep

Palm oil stocks skyrocketed in the afternoon session after the Thailand Oil Palm Board on April 30, 2021 agreed to extend the deadline for crude oil palm exports until September 2021 from March 2021. 

 

Thailand is facing an oversupply of palm oil and low prices as domestic demand remains weak. In order to prevent the deep crisis, the government has launched the campaign to export crude palm oil to sustain the price. 

 

Vichitbhan Palmoil Public Company Limited (VPO) rose ฿0.14/share or 10.94% to ฿1.42/share, with a trading value of 59 million baht.

 

AI Energy Public Company Limited (AIE) rose ฿0.01/share or 0.51% to ฿1.98/share, with a trading value of 71 million baht.

 

United Palm Oil Industry Public Company Limited (UPOIC) rose ฿0.05/share or 0.92% to ฿5.50/share, with a trading value of 0.34 million baht.