MoC holds meeting on import and distribution of edible oil

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The MoC coordination meeting in progress

The Ministry of Commerce held a coordination meeting on the import and distribution of edible oil with the Chairman and officials of the Myanmar Edible Oil Dealers Association yesterday morning in Nay Pyi Taw.
Union Minister for Commerce Dr Pwint San dwelt on the establishment of the “Supervisory Committee on Import, Storage and Distribution of Edible Oil”, sales control at a fairer price in the market, workshops for safe and healthy use of cooking oil for the general public, the implementation of the workshops’ results, and further processes and plans underway to revise quality of imported oil.
The Chairman and officials explained that global food prices have risen. The cost of palm oil has more than doubled since last year. Stocks are declining in Malaysia and Indonesia. The leading producers of palm oil and palm oil mills are not yet fully operational. The demand for food from European countries and India increased due to the third wave of COVID-19. The world price of palm oil is rising.
They affirmed that the association would cooperate with the supervision committee in continue holding workshops on the proper use of edible oil and controlling the sales at a fairer price in the market. The plans for better packaging and systematic production, import and distribution in the future, they explained.
The Deputy Minister, the Permanent Secretary, and Directors-General coordinated the meeting. — MNA

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