INTRODUCTION
Palm oil is important both in terms of economy and energy.
Palm oil can be used as a raw material to produce biodiesel
and used as a renewable energy for diesel fuel which may be
lacking in the future. Indonesia and Malaysia produce Crude
Palm Oil (CPO) at 85% of the volume of world production.
The demand for palm oil in Thailand is increasing every year.
Indonesia and Malaysia direct the world's palm oil market and
Thailand refers to the price of CPO from Malaysia. See Figure
1