THE meeting of palm oil distributors held on 1 April at UMFCCI’s Mingala Hall highlighted managing palm oil distribution and ensuring sufficient supply during Thingyan holidays.
Yangon Region Minister for Economic Affairs U Myo Myint Aung delivered the opening remarks that the demand for palm oil would increase during Thingyan holidays. Therefore, he urged distributors to sell the oil allocated by the government for the holidays at the right value and accurate measurement. He also warned against unfair practices such as price hikes, selling underweight, or hoarding to cause shortages. The relevant government departments would effectively carry out market monitoring and inspections. U Aye Win, President of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, also emphasized the importance of cooperation in the palm oil distribution process and the need for coordination among organizations to ensure market stability.
U Maung Maung Zaw, Chairman of the Myanmar Edible Oil Dealers and Oil Millers Association, also shared practical solutions regarding possible challenges in oil distribution, including transportation and storage issues.
Furthermore, U Kyaw Swa Win, Head of the Regional Consumer Affairs Department, clarified the regulations for consumer rights protection and the requirements for price display. General Secretary U Zaw Ko Ko recommended systematic record-keeping and accurate information reporting in operational processes.
If any difficulties in purchasing palm oil arise in various townships, immediate notification should be made to the association. Timely reporting would be a crucial driver for effective distribution adjustments in supply chain, inventory and logistics, he added. — NN/KK
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