July 8th, 2008
Bangkok’s Independent Newspaper
Prospects bright for Thai Vegetable Oil as demand soars
A whole collection of market factors seems to be enhancing the prospects for Thailand’s largest soybean-based animal-feed manufacturer and soybean-oil producer, Thai Vegetable Oil (TVO).
There is strong demand for biofuel in the wake of skyrocketing oil prices, stocks of soybeans are currently tight, there is the possibility of an increase of Bt8.50 a litre in the domestic retail price of soybean oil and floods have hit the soybean-producing areas of the US. All of this suggests soybean prices will remain high.