Myanmar government bans import of palm oil for private
Yangon august 21
Myanmar government trade council , committee that controlling the export and import license ,has banned import of palm oil for private sector since last July said member of the edible and oil dealer association.
"we are allowed to import for palm oil if we have export earning since December 2006,before that period only Myanmar economic holding enterprise and htoo company had import license for palm oil"said the member who live in Mandalay.
Last July, After 8 months latter giving import chance to private,and then government announced recently that sort of palm oil is not suitable for public and reduced the Import amount from 30000 tons to 20000tons of monthly.
but the certain amount of palm oil import license is still getting only Myanmar Economic holding enterprise since august.
" we have less palm oil quota than as usual from oil dealer association,In domestic market palm oil retail price is higher than sesame price because local snack producer is still using palm oil" said oil dealer from Mandalay.