Township-wise distributions of palm oil do not need queuing of people

According to the consumers, there is no need to line up to buy palm oil in the new distribution system by township.
In the townships of Yangon, many people have been seen queuing up around oil shops that have been allowed to buy and distribute palm oil for months on sale for many months.
From 4 December this year, the new distribution system was introduced to consumers according to the townships in Yangon Region and 16,000 tonnes of palm oil were expected to be sold to Yangon Region.
As per reports, 38 per cent of 42,000 tonnes of palm oil was allocated to the Yangon Region, where some nine million population reside, accounting for 16 per cent of the country’s population of 54 million.
Daw Yon, a resident of Lanmadaw township told the GNLM that she can buy palm oil on sale days after showing her household registration to the ward administration office of the townships in Yangon Region and obtaining permission to purchase the oil together with address cards of relevant oil shop where she wants to buy it.
U Aung Zaw, who sells Monhinga on the side of Phonegyi Road told the GNLM that foodstuff businesses using palm oil can also obtain an oil purchase permit card along with the address cards of the oil outlets every sale day.
Palm oil is sold every day and only the volume of palm oil allowed to be purchased for the same day is sold but cannot buy beyond the permitted amount.
In mid-December, the reference price of edible oil was set at K4,815 per viss.
It is reported that the residents of the ward and those working in the oil industry can easily buy oil in their wards, however, most of them do not take out enough oil.
Only those working in the oil-used industries can purchase 1.5 or two visses of oil per day on the sale days.
There have been only those who need oil to buy, and the scene of people queuing up to buy oil to sell at a profit is no longer seen in Yangon this month. As such, no queue to purchase palm oil was seen in Yangon Region this month.
Similar to Yangon, palm oil is distributed to townships of regions and states via districts this month.
If action is taken against those manipulating prices and taking extreme profits in storage and sale of palm oil, higher price of palm oil than wholesale prices will decline.
In the grey market, a bucket (18 litres) of oil costs around K70,000. The price of palm oil is set at around K2,000 per viss compared to the reference wholesale price of edible oil from the tanks. — TWA/TKO