Univanich Palm Oil
Univanich Palm Oil (SET: UVAN) is the largest listed Thai palm oil pure-play. Founded 1969 in Krabi. Integrated operations span plantation, fresh fruit bunch (FFB) purchase from smallholders, crushing mill, crude palm oil (CPO) production, and palm kernel processing. RSPO-certified on owned plantations. Scale, vertical integration, sustainability credential position UVAN as the cleanest investable Thai palm-oil exposure. Earnings driven by CPO price cycle (MPOB benchmark, MOC domestic intervention), FFB yield, and biofuel demand.
Snapshot
Headline numbers a buyer checks first.
Ticker
SET: UVAN
Listed 1993
Share
~12% Thai CPO output
FY2024
Base
Krabi (southern Thailand)
Ongoing
Certification
RSPO-certified
Ongoing
What this company actually does
Univanich operates integrated oil-palm plantation, FFB crushing mill, CPO production, palm kernel processing in Krabi. Owned plantation, smallholder FFB purchase combined. RSPO-certified on owned plantations; working on smallholder inclusion to widen coverage.[, ]
Competitive set: Chumporn Palm (CPI) listed peer at smaller scale; Patum private refiner competes downstream; Lam Soon is consumer-brands focus. Univanich differentiates on scale, vertical integration, sustainability certification for European offtake.[, ]
Business segments
Upstream
Plantation and FFB
Owned oil-palm plantation in Krabi supplemented by fresh fruit bunch (FFB) purchases from contracted smallholders. Plantation yield (tonnes FFB/rai) is a primary cost driver. RSPO-certified on owned land.
Midstream
Crushing and CPO production
Palm oil mill producing crude palm oil (CPO) and palm kernel oil (PKO) from FFB input. Extraction rate improvement and mill throughput are operational KPIs; target ~22% OER on owned FFB.
Downstream
Palm kernel processing
Palm kernel crushing for palm kernel oil and palm kernel expeller cake. Adds downstream margin on a by-product stream that larger refiners like Patum handle at industrial scale.
Sustainability
RSPO and EUDR readiness
RSPO-certified owned plantations. Expanding smallholder GPS-polygon geolocation and traceability to meet EU Deforestation Regulation (EUDR) requirements for European CPO offtake from 2025.
Thai listed palm oil peer comparison
Key operating metrics, FY2024
Chumporn Palm Oil
| Entity | Ticker | Est. CPO share | RSPO certified | Focus |
|---|---|---|---|---|
| Univanich Palm Oil | SET:UVAN | ~12% | Yes | Integrated plantation, mill, refinery |
| Chumporn Palm Oil | SET:CPI | ~5% | Partial | Southern plantation, mill |
| Lam Soon Thailand | SET:LST | N/A | No | Consumer edible oil brands |
| Patum Vegetable Oil | Private | ~18% | No | Largest Thai CPO refiner |
Watchpoints
Watchpoint
MPOB CPO price cycle
Malaysia's MPOB benchmark sets Thai domestic pricing reference. Global edible-oil substitution (soy, sunflower) and Indonesia export-levy policy create periodic CPO price volatility that flows directly into UVAN margins.
Watchpoint
DEDE biofuel mandate
B10/B20 biodiesel mandate trajectory is the key domestic demand lever. EV adoption and government mandate review could compress biofuel blending demand, the primary CPO offtake growth driver.
Related Market profiles
Peers, parents, partners, agencies, and other Palm Oil actors.
Competitor
Chumporn Palm Oil Industry
Listed mid-scale Thai palm oil peer.
Open Market profile →
Competitor
Patum Vegetable Oil
Private largest Thai palm oil refiner.
Open Market profile →
Competitor
Lam Soon Thailand
Listed consumer palm oil brands downstream.
Open Market profile →
Partner
Buriram Sugar
BRR has southern Thailand palm oil diversification; downstream integration context.
Open Market profile →
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
Univanich Palm Oil PCL — 56-1 One Report FY2024
RSPO — Thailand Certified Palm Oil Members
Publisher
Roundtable on Sustainable Palm Oil
Grade
Supporting
As of
2026-03-31
Chumporn Palm Oil Industry PCL — 56-1 One Report FY2024
| Source | Publisher | Grade | As of |
|---|---|---|---|
| Univanich Palm Oil PCL — 56-1 One Report FY2024 | Univanich Palm Oil PCL | Primary | 2025-03-31 |
| RSPO — Thailand Certified Palm Oil Members | Roundtable on Sustainable Palm Oil | Supporting | 2026-03-31 |
| Chumporn Palm Oil Industry PCL — 56-1 One Report FY2024 | Chumporn Palm Oil Industry PCL | Primary | 2025-03-31 |
Reports featuring this profile
Thai Palm Oil: Krabi-Surat Thani Southern Cluster, ~3M Tonnes Production, and the EU CSDDD Compliance Race
SET-listed Thai palm-oil tier-1.
Open report →
Sits alongside 3 other Atlas profilesThailand Palm Oil Market Intelligence
Largest listed Thai palm oil pure-play; Krabi integrated plantation, mill, refinery.
Open report →
Sits alongside 3 other Atlas profilesThailand Palm Oil Biodiesel Deep Dive
Univanich Palm Oil (SET: UVAN) integrated grower, miller.
Open report →
Sits alongside 6 other Atlas profilesRelated Market profiles
competitor
Chumporn Palm Oil Industry
Listed mid-scale Thai palm oil producer (SET: CPI); Chumphon integrated plantation, mill, refined products.
competitor
Patum Vegetable Oil
Largest private Thai palm oil refiner; RBD palm olein cooking oil, industrial palm products.
competitor
Lam Soon Thailand
Listed Thai consumer palm oil brands (SET: LST); Oleen cooking oil, Naturel refined oils, wheat flour, margarine.
partner
Buriram Sugar
Listed Thai sugar producer (SET: BRR); northeast cane sugar, southern palm oil diversification.