Myanmar: Yangon residents queue to buy palm oil at subsidized rates through MEODA

As edible oil price increases, there are long queues of buyers at the vehicles selling palm oil from Myanmar Edible Oil Dealers' Association (MEODA). The Myanmar Edible Oil Dealers' Association sells edible oil to the consumers for Ks 4,200 per viss. One of the consumers said that there were long queues of edible oil buyers at the vehicles since last month. In Yangon retail market, the edible palm oil price was Ks 7,000 per viss yesterday. "It is the price of one viss of palm oil for the shops which had to sell the edible palm oil for between Ks 7,200 and Ks 7,500 per viss," said one of the grocers. The price of edible palm oil suddenly increased by Ks 1,500 per viss since two days ago but it dropped on July 5, according to the market. "The price of edible palm oil was 7,000 per viss on July 1. However, the price increased by Ks 1,500 per viss on July 3 and 4. The palm oil price hit a peak within two days. Those who had bought the palm oil with increased prices suffered loss," ...