Mawlamyine, April (28)

After Thingyan, domestic consumption of edible oil has risen in line with rising global fuel oil prices, the dealers said.

The price of cooking oil increased from around Ks 65,000 per 10 visses before Thingyan to over Ks 70,000 kyats after Thingyan, an increase of 5,000 kyats.

A trader said that due to transportation difficulties, the price of fuel oil has skyrocketed along with rising global edible oil prices.

At present, there is a shortage of fuel oil, which has led to an increase in purchases and a rush in the market, according to oil traders.

The regime’s supervisory committee for the storage and distribution of cooking oil said that more than 30,000 tons of oil remain in domestic palm oil reserves, and foreign palm oil tankers are arriving regularly.

In Mon State, edible oil is mainly imported from Malaysia and Thailand, with only a small percentage of domestic edible oil sales.

News – Than Lwin Times

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