Microsoft PowerPoint - OLEOCHEMISTRY_Chapter 3- Palm Oil

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  • Why does Myanmar import palm oil?
  • However, Myanmar’s domestic edible oil production is not enough to meet the demand, so it imports palm oil from some of the world’s largest palm oil producing nations like Indonesia and Malaysia. During the military rule palm oil import was controlled by state enterprises.
  • Does Myanmar import palm olein?
  • Myanmar imports refined palm olein, which is the liquid form of palm kernel oil after a process called fractionation, and is used for cooking and frying. In Year 2012 Myanmar imported 400,000 tonnes of palm Oil and which has grown to 485,000 tonnes in 2013.
  • How much palm oil did Myanmar import in 2023-2024?
  • From April 1 to September 29 in 2023-2024 FY, 294,457 tonnes of palm oil worth US$294.58 million was imported and from April 1 to September 29 in 2022-2023 FY, Myanmar imported 229,264 tonnes of palm oil worth US$332.85 million.
  • Is the palm oil industry in Myanmar being criticised?
  • Although the inception of the palm oil sector in Myanmar has provided regular jobs to unskilled labourers seeking regular employment and is increasing the internal supply of cooking oil within the country, the industry at large is being criticised on a number of fronts.
  • How much palm oil was imported in FY 2023-2024?
  • A total of 294,457 tonnes of palm oil were imported in almost six months of the 2023-2024 FY, which is 28 percent more than the same period last year, according to the Ministry of Agriculture, Livestock and Irrigation.
  • What is the wholesale reference price for palm oil in Yangon?
  • According to the market and price developments in the world's palm oil producing and exporting countries this week, it has been announced that the wholesale reference price in Yangon this week has been set at 4,990 kyats per viss of palm oil from November 20, 2023 to November 27, 2023.