FACTORS AFFECTING THE PALM OIL PRICE IN THAILAND
The paper studied the Factors Affecting the Palm Oil Price in Thailand. The purposes is to study structure factors of production and price of palm oil in Thailand and to find ways to enhance the productivity and cultivated area for palm oil in Thailand. This was a mixed method research, used both qualitative and quantitative techniques. Time series data were collected utilizing monthly data from January 2011 to December 2015. The variables included crude oil, soybean oil prices, crude palm oil prices, consumption of biodiesel, import of palm oil from foreign sources and the foreign exchange rate. Econometrics analysis was also used as a tool to analyze the factors that affected the price of oil palm model in the Multiple Regression. The study found that Thailand is shortage palm oil which results to fuel shortage crisis in the country. Due to price situation of drought has affect to higher price of palm oil and the end-product for consume not shifting as raw materials, because controlled product is in short supply. In term of output quality control is ensure to compliance with government policies. From research found increase the area under oil palm in right field, improved oil palm plantation by a thoroughbred and restructuring of the industrial production of palm oil and palm oil to the production efficiency.
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International College Suan Sunandha
Rajabhat University, Bangkok, Thailand