Trends Analysis and Future of Sustainable Palm Oil in Thailand
Currently, exhaustion of fossil fuel is one of the serious problems. Oil palm is the prominent oil crop that provides higher yield and consume less energy than the other crops in plantation life. The expansion of oil palm plantation along with the appropriate use of oil palm planted areas and the environmental conservation needs to be concerned. This research aims at analyzing oil palm plantation establishment influencing the sustainable palm oil industry in Thailand. We use an exponential growth model to estimate an increased domestic consumption and production of palm oil for the need of oil palm plantation areas. Therefore, recognition of oil palm plantation with environmental protection by compliance with RSPO standard has also been proposed. For sustainable use, costs structure and productivity improvement of oil palm cultivation is analyzed and suggested.
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