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Thai palm oil growth

This article was originally published in The Public Ledger

CHAROEN Pokphand Group ofThailand plans to spend Bt600m ($18.86m) over the next three years in order to start producing palm oil to capitalise on rising domestic demand.This year it will plant oil palm trees on 1,660 acres. By the third year it wants 19,768 acres of its own plantations and 9,884 acres under contract farming.


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