Tridge summary
The article explains how the price of edible palm oil in Yangon, Myanmar, is set, with the price being based on that of Malaysia's, plus additional costs such as transportation, bank fees, and taxes. The government has also prohibited speculative storage and selling of the oil at high prices, threatening legal action under the Important Goods and Services Act for any violations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
It is said that the Yangon basic reference price of edible palm oil is calculated by observing the price of Malaysia, which mainly produces edible palm oil, every day, and then adding transportation costs, bank service fees, taxes, etc. to calculate the basic reference price suitable for sale in Myanmar, and then formulate and publish it. For edible palm oil in the domestic market of Myanmar, the authorities have issued a notice stating that it is prohibited to store and sell ...
Source: Foodmate
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