Palm oil wholesale prices dropped to 6,565 kyat per viss for the week ending on Wednesday, October 30, down from 6,585 kyat maintained over the previous three weeks. The Supervisory Committee on Edible Oil Import and Distribution sets weekly reference rates based on Malaysian and Indonesian prices plus shipping, tariffs and banking charges. Retail prices remain significantly higher than government benchmarks despite official controls.
The Consumer Affairs Department accepts complaints about price manipulation through its 1535 hotline or Facebook channels. Authorities warned that anyone who hoards supplies or artificially inflates prices faces prosecution under the Essential Goods and Services Law. Myanmar imports roughly 700,000 tonnes of palm oil each year from Southeast Asian suppliers to supplement domestic production of 400,000 tonnes. Annual national consumption reaches approximately one million tonnes.
The Consumer Affairs Department accepts complaints about price manipulation through its 1535 hotline or Facebook channels. Authorities warned that anyone who hoards supplies or artificially inflates prices faces prosecution under the Essential Goods and Services Law. Myanmar imports roughly 700,000 tonnes of palm oil each year from Southeast Asian suppliers to supplement domestic production of 400,000 tonnes. Annual national consumption reaches approximately one million tonnes.
