According to local residents, Myanmar Edible Oil Dealers’ Association is selling palm oil to the suburbs of Yangon at 5,000 kyats per viss with 70 vehicles.
It is being sold daily and people have to line up to buy palm oil at a rate of 5,000 kyats per viss.
Due to the shortage of palm oil in Myanmar, the price in the market has risen to a record high of over 10,000 kyats per viss, and those who would sell it at retail are unable to sell it because they have not received the quota, said an owner of an edible oil retail shop.
It is reported that the retail price of oil sold by the Myanmar Edible Oil Dealers’ Association oil sales vehicles has increased and sold to 5,000 kyats per viss since August 22 morning.
In the current edible oil market, mixed oil is sold for 12,000 kyats per viss, and palm oil is sold for 11,000 kyats per viss. Only a few shops are selling palm oil at a price directed by the Supervision Committee on Import, Storage and Distribution of Edible Oil, and the terrorist SAC has not yet been able to control the price of this oil.
