There is a shortage of palm oil and the reference price is low. Released that more than two thousand tons of oil remains

Erawati Times July 10th ‎ Palm oil, a basic commodity consumed by the general public, is in short supply in the market, and the reference price set by the elected government has fallen. Last July 9, MT. The RM2 ship arrived at the HOB port with 5,000 tons of oil, and as of the morning of July 10, about 2,800 tons have been unloaded, and about 2,000 tons are still being unloaded, the Myanmar Oil Traders and Oil Industry Association announced today. This week from July 10th to July 16th, the wholesale reference price of palm oil in Yangon port is 7,230 kyats per pound, the Edible Oil Import, Storage and Distribution Industry Supervisory Committee announced today. The price is 15 kyat lower than the price of the previous week, July 3 to July 9. Currently, it is not possible to buy cooking oil in external markets, there is a shortage of products and the prices are different, and it is reported that grassroots families and restaurant businesses are facing difficulties. A resident of Insein Township said that households who are not allowed to buy edible oil quota from the elected government are suffering more from the increase in commodity prices. "Because I'm on the guest list, I can't get palm oil this week. I used to get a pint. Now I can't get it, so I have to buy coconut oil from outside. It's annoying. It costs more. The prices are so high. I don't want to talk anymore," he continued. The elected government has not been able to distribute palm oil equally to not only the townships in Yangon Region, but also all the households in the townships. "This week's oil is only given to those who have registered for the census. This week's supply is one pint. We can take it out today. We will be allowed to take out oil from the next 17 days. There is not enough oil for people and houses. As mentioned above, I went to see how the police and general managers are giving oil," said a resident of Sri Myain 5 Road. In addition, in Hlaing Township in Yangon Region, in the current weekly distribution of palm oil, only residents registered with the census will receive one pound of palm oil per week, he said. Yangon, owned by the Myawati Trading Company under the military. Hteedan Oil Terminal in Hteedan Township is a port mainly used to receive imported edible oil and distribute it to storage tanks. Photo: The Irrawaddy Times The post Palm oil shortage and reference price drop It was announced that more than two thousand tons of oil remained appeared first on Ayeyarwaddy Times.