Myanmar strictly regulates the sales price of edible palm oil

Published 2024년 12월 25일

Tridge summary

At the 32nd Annual Meeting of the Myanmar Oil Merchants and Oil Entrepreneurs Association, MEODA Chairman Wu Sanlin announced new government regulations for the sale of imported edible oil. The government will control the sale of 35% of the US dollars required for import licenses at a set price, while the remaining 65% can be purchased online. Retailers and wholesalers are expected to sell the imported edible palm oil to consumers with a profit of no more than 2%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the 32nd Annual Meeting of the Myanmar Oil Merchants and Oil Entrepreneurs Association, MEODA Chairman Wu Sanlin released the above information. Wu Sanlin explained that the national government is making arrangements to obtain US dollars, so it is not advisable to sell at a high price. At present, after the edible oil imported from abroad arrives at the estuary, the Ministry of Commerce will issue an import license, and 35% of the US dollars required for the import license will be sold at a price of 1 to 2100 Myanmar Kyats, and the remaining 65% can be purchased through the onilne Trading Platform. In addition, the reference price released weekly is also arranged by the national government, ...

Source: Foodmate