Patum Vegetable Oil
Patum Vegetable Oil is the largest private Thai palm oil refiner. Major domestic supplier of refined, bleached, deodorised (RBD) palm olein cooking oil plus industrial palm products, oleochemical intermediates, soap stocks. Private; no public filings. Scale comparable to Univanich refining capacity. Strategic: downstream refining, brand reach without upstream plantation exposure — margin driven by CPO feedstock vs refined product spread, MOC price controls.
Snapshot
Headline numbers a buyer checks first.
Product
RBD palm olein, industrial
Ongoing
Share
~10% Thai palm-oil value chain
FY2024
Base
Pathum Thani
Ongoing
What this company actually does
Patum refines crude palm oil (sourced from Thai mills, imports) into RBD palm olein cooking oil, industrial palm products, soap stocks, oleochemical intermediates. Major domestic cooking-oil supplier; also serves F&B industry, soap, oleochemical customers. Refining margin driven by CPO feedstock price vs refined product spread.[]
Competitive set: Lam Soon (LST) on branded cooking oil; Univanich, Chumporn Palm on integrated upstream; Morakot, regional refiners on commodity refining. Patum differentiates on scale, downstream-only focus, flexibility between branded, private-label, industrial channels.[, ]
Business segments
Cooking oil
RBD palm olein — retail, F&B
Refined, bleached, deodorised (RBD) palm olein for retail cooking oil and F&B industrial customers. Patum is domestic supplier to major Thai supermarket chains, food processors.
Industrial
Oleochemical intermediates
Palm stearin, soap stock, fatty acid fractions for soap-making, oleochemical, and industrial-lubricant customers. Non-food channel diversifies from food-grade margin.
Export
Refined palm export
Exports RBD products to regional customers when domestic supply exceeds demand. Export competitiveness depends on global CPO refining spread vs competing Indonesian refiners.
Scale
~10% Thai palm value chain
Estimated ~10% of Thai palm-oil value chain by volume. Comparable to Univanich in refining capacity. Purely downstream — no upstream plantation exposure.
Thai palm oil operator comparison
Listed and major private operators, approximate positioning FY2024
Ticker
Private
Integration
Downstream refining only
Revenue est.
Undisclosed
Chumporn Palm Oil
| Entity | Ticker | Integration | Revenue est. |
|---|---|---|---|
| Patum Vegetable Oil | Private | Downstream refining only | Undisclosed |
| Lam Soon Thailand | SET:LST | Refining, branded cooking oil | ~ $0.435-20B |
| Univanich Palm Oil | SET:UVAN | Plantation, mill, refining | ~ $0.232-10B |
| Chumporn Palm Oil | SET:CPI | Plantation, mill | ~ $0.145-7B |
Key drivers 2025-2026
Refining spread
CPO vs RBD margin
Patum margin is directly driven by CPO feedstock price vs refined-product wholesale price. MOC retail price cap compresses branded cooking-oil upside.
Biodiesel policy
B7-B10 blend mandate
Thai government biodiesel blend mandate (B7-B10) affects domestic CPO demand and feedstock cost. Policy changes alter refining-feedstock price dynamics.
Consolidation
Private refiner M&A landscape
Thai palm-oil refining is fragmented among private operators; Patum's scale makes it an M&A target or JV candidate for listed players seeking refining integration.
Watchpoints
Refining margin spread
CPO feedstock vs RBD, cooking-oil wholesale.
MOC retail price cap
Reference price compresses bottled cooking-oil margin.
Industrial, oleochemical mix
Non-food channel diversification.
Consolidation potential
Private-refiner M&A / JV target logic.
Related Market profiles
Peers, parents, partners, agencies, and other Palm Oil actors.
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
Patum Vegetable Oil — Private Thai Palm Oil Refiner
Lam Soon Thailand PCL — 56-1 One Report FY2024
Publisher
Lam Soon (Thailand) PCL
Grade
Primary
As of
2025-03-31
| Source | Publisher | Grade | As of |
|---|---|---|---|
| Patum Vegetable Oil — Private Thai Palm Oil Refiner | Patum Vegetable Oil Co., Ltd. | Supporting | 2025-12-31 |
| Lam Soon Thailand PCL — 56-1 One Report FY2024 | Lam Soon (Thailand) PCL | Primary | 2025-03-31 |
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competitor
Lam Soon Thailand
Listed Thai consumer palm oil brands (SET: LST); Oleen cooking oil, Naturel refined oils, wheat flour, margarine.
competitor
Univanich Palm Oil
Largest listed Thai palm oil producer (SET: UVAN); Krabi integrated plantation, mill, refinery; RSPO-certified.
competitor
Chumporn Palm Oil Industry
Listed mid-scale Thai palm oil producer (SET: CPI); Chumphon integrated plantation, mill, refined products.