Today (March 5, 2026), palm oil group stocks rallied across the board, buoyed by positive sentiment from news about private sectors calling on the government to implement measures to manage energy prices, especially diesel, which has been affected by the conflict in the Middle East.
As of 4:10 P.M. (GMT+7), the share price of Samor Thong Group PCL (SET: SMO) stood at THB 4.16 per share, increasing by THB 0.38 or 10.05%, with a trading value of THB 129.78 million.
Meanwhile, Vichitbhan Palmoil PCL (SET: VPO) was traded at THB 0.47 per share, up THB 0.06 or 14.63%, with a trading value of THB 1.38 million.
United Palm Oil Industry PCL (SET: UPOIC) was traded at THB 6.55 per share, up THB 0.15 or 2.34%, with a trading value of THB 0.03 million.
AI Energy PCL (SET: AIE) was traded at THB 1.01 per share, up THB 0.04 or 4.12%, with a trading value of THB 0.71 million.
Petchsrivichai Enterprise PCL (SET: PCE) traded at THB 2.22 per share, up THB 0.02 or 0.91%, with a trading value of THB 1.02 million.
The palm growers began urging the authorities to restore the biodiesel formula using palm oil blend from the current B5 to B10 or B20. This measure is expected not only to address the energy crisis but also to absorb surplus palm output anticipated in mid-year.
Meanwhile, an executive from Global Green Chemicals PCL (SET: GGC) stated that promoting the use of biodiesel (B100) is a potential solution for the country to cope with the global crisis, especially under the risks from the Middle East conflict, which may impact crude oil imports.
Increasing the biodiesel blend from B5 (B100 blend at 5% in diesel) to B10 (B100 blend at 10%) could reduce import value by as much as THB 25 billion, helping preserve foreign currency and extending the period of energy reserves during crises.
