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November 12, 2019

Annual edible oil consumption crosses 1 mln tons: trade body

Palm Oil Networking Seminar held in Yangon on 8 November 2019.   Photo: Myint Maung
Palm Oil Networking Seminar held in Yangon on 8 November 2019.  Photo: Myint Maung

Myanmar’s annual edible oil consumption has risen to over 1 million tons, according to the Myanmar Edible Oil Dealers’ Association.
“In the past, our country consumed only groundnut oil and sesame oil. With the increase in population and the development of food businesses, edible oil has to be imported. Now, Myanmar edible oil consumption has increased to over 1 million tons per year,” said U Myint Kyu, Chairman of the Myanmar Edible Oil Dealers’ Association.
Myanmar oil crops such as sesame, groundnut and sunflower are used to produce 400,000 tons of oil per year. With an increase in local consumption, Myanmar imported 650,000 tons of oil.
“Earlier, our edible oil entrepreneurs imported cloud point 10 quality edible oil from abroad. Oil of that quality is being used in neighboring countries. But now, we are importing cloud point 8, high-quality edible oil because we want people to consume healthy oil,” said U San Lin, vice chairman of the Myanmar Edible Oil Dealers’ Association.
“Edible oil is imported mainly from Malaysia and Indonesia. However, the price of edible oil from Malaysia has increased this year, and so we imported oil from Indonesia, where the price is a bit cheaper than Malaysia,” he said.
Myanmar has imported only cloud point 8 and IODING 58 quality edible oil with the permission of the Food and Drug Administration (FDA), he added.
To allow local people to get healthy edible oil at a fair price, a Myanmar-Malaysia Edible Oil Network workshop was held on 8 November at the Sule Shangri La hotel in Yangon. The workshop was jointly organized by the Myanmar Edible Oil Entrepreneurs Association and the Malaysia Edible Oil Council.
The workshop was attended by U Zaw Min Win, President of the UMFCCI, Dr. Kalyana Sundram, CEO of the Malaysia Edible Oil Council and representatives, Myanmar Edible Oil Dealers’ Association chairman and officials, and officials from the FDA.—Myint Maung (Translated by Hay Mar)

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