RANONG, Jan 21 — Myanmar people have begun stocking up on oil palm over concern of a possible shortage following reports that Thailand will import oil from Malaysia to increase its reserves.
Rayong Provincial Chamber of Commerce Deputy Director Nit Uitekkeng said yesterday that the news from Thailand of a possible shortage worries Myanmar residents in Kawthaung town and nearby areas as well as Burmese workers on the Thai side, who rely on oil and monosodium glutamate (MSG) to prepare their meals.
He said many Myanmar nationals recently crossed the border into Thailand to buy palm oil and other types of oils to stock up.
The Thai cabinet yesterday approved importing 50,000 tons of raw palm oil from Malaysia to prevent domestic shortage. (MCOT online news)
