THE COST AND RETURN OF PLAM OIL PLAM ENTREPRENURS : A CASE STUDY OF SURAT THANI PROVINCE

Main Article Content

Darin Rungklin Sukanda Thepsuwanchana Akkaraphon Kwankaew Techadham Sangkhorn

Abstract

This research aims to study the cost and return of the oil palm bunch collection center entrepreneurs in Suratthani province that reveals the business model of single owner. The researcher used a questionnaire to collected data from 243 entrepreneurs. The result found that this indicated that the total cost of the oil palm bunch collection center is 5,687,712.96 Baht. It is divided into fixed costs of 3,638,974.25 Baht and variable costs of 2,048,738.71 Baht. The trading oil palm of single owner entrepreneurs had a return of 1,051,200.00 baht per year, which gain the benefit for the single owner entrepreneurs, as a return on trading is 0.2 baht per kilogram. The total return is -0.88 baht per kilogram with a cash return of -0.34 baht per kilogram. On the other hand, the financial return analysis includes the payback period (PB) was 14 years and 2 months, Net Present Value (NPV) equal to -4,636,512.96 and Benefit-cost ratio (BCR) equal to 0.18. Subsequently, the management cost of the oil palm bunch collection center in the fixed costs and variable costs can be found as the significant aspect, because of the impact on the survival of the palm oil business in the future and to enhance the ability to construct competitive advantage and improvement in the same industry in different areas.

Keywords

Article Details

Section
Research Articles

References

Chengtong, S., Chanprasit, S., Chengtong,S., & Limpattanasiri, W. (2008). The project of spatial database and oil marketing systems in Suratthani Province. Research reports, supported by the Thailand Research Fund (TRF).
Choengthong, S., Suttapong, K., Chengtong, S., Duangjan, C., & Loykulnanta, S. (2010). The project of Oil Palm Market Agreement System in Suratthani Province. Research reports. Supported by the Thailand Research Fund (TRF).
Chomchey, P. (2008). Customer Views for the Oil Palm Bunch Collection Center Service: Case study of the Saichon Palm. Plai Phraya district Krabi Province. Bangkok: Suan Dusit Rajabhat University.
Department of Internal Trade, Suratthani. (2015). List of entrepreneurs of oil palm bunch collection center in Suratthani Provinces. Retrieved November 20, 2015, from: http://www.dit.go.th /Surat Thani
Junklab, B. (2015). Study of supply chain of the Oil Palm Bunch Collection Center in the Pak Phanang River Basin. Journal of Transportation and Logistics, 8,12-20.
Khunchamnan, W. & Chamchang, P. (2013). Location Analysis Oil Palm Collection and Distribution Center, Krabi Province. WMS Journal of Management, 2(2), 1-9.
National Bureau of Agricultural Commodity and Food Standards Ministry of Agriculture and Cooperatives. (2012). Good Practices for the Oil Palm Bunch Collection Center (2008). Retrieved November 20, 2015, from http://www.acfs.go.th/standard/download/GAP_OIL _PALM_BUNCH.pdf
Phetsichuang, W. (2016). Trends/industrial oil palm industry in 2559-2561. Research Krungsri. Retrieved June 16, 2018, from https://www.krungsri.com/bank/getmedia/c2728a31-271c-4e4c-ae89ea067aa33eb9/IO_OilPalm_2016_TH.aspx
Pittayapinun, P., & Nissapa, A. (2012). Analyzing the potential to produce biodiesel from palm oil in southern Thailand. Management Science, 29(1), 1-16.
Sansomporn, N., & Chamchang, P. (2014). Activities and Logistics Costs of the Oil Palm Bunch Collection Center in Krabi Province. Kasetsart Journal (Social) Year 35, 326-336.
Southern verification center (Suratthani). (2016). List of entrepreneurs of oil palm bunch collection center in Suratthani Province. Retrieved on June 16, 2016, from http://www.dit.go.th/region /CBWM31
Suratthani Provincial Administration Board Suratthani Provincial Office, (2015). Suratthani Provincial Development Plan 2015-2018. Retrieved August 20, 2017, from http://www.suratpao.go.th/ planning/files/com_service/20160527_jyyvkerg.pdf
Trang Cooperative Office Department of Cooperative Promotion. (2010). Guidelines for Oil Palm Farmer's Business. Retrieved on August 26, 2016, from http://km.cpd.go.th/pdf-bin/pdf_ 1081467741.pdf
Yamane, T. (1973). Statistics: An Introductory Analysis. London: John Weather Hill.