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May 11 2022. (Wednesday)

Even on the day of the restriction on cooking oil, the prices of other consumer goods are also rising. The military council is playing the role of North Korea.

May 11, 2022
in Junta Diary
Reading Time:1min read
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After the shortage of Patrol, the problem of the need for dollars by the military council worsened. Many imports are now banned due to the inability to produce enough dollars for traders. Worst of all, they are not allowed to import enough cooking oil. Most of the imported cottonseed oil is imported from abroad. It used to import about 600,000 tonnes a month, but now only 300,000 tonnes have entered the market due to restrictions imposed by the military council. As a result, the price of palm oil has risen from about 2,000 MMK to about 8,000 MMK per vess. Housewives have a headache because oil is an essential food.

Even on the day of the restriction on cooking oil, the prices of other consumer goods are also rising. The military council is playing the role of North Korea.

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