ID :
157789
Tue, 01/18/2011 - 16:49
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Shortlink :
http://m.oananews.org//node/157789
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Soaring prices and shortages of palm and soy bean oil reported along Thai-Myanmar border
BANGKOK, Jan 18 (TNA) - Supply shortages of palm and soybean oil have resulted in soaring prices of the two cooking oil products at a border market in Mae Sai District of Thailand's northern Chiang Rai Province, opposite Myanmar's Ta Chi Lek Province.
The prices of palm and soybean cooking oil at the Mae Sai border market have surged to a record high of 60-65 baht per litre in both plastic packs and bottles, or as high as 980 baht a gallon, from 550 baht a gallon normally, prompting people on both sides of the border to have rushed to purchase the products for hoarding as their households' safe stocks.
Local people also complained that large-scale retailers have limited their sales of palm and soybean oil to only two bottles for each buyer in the Thai side, but they have, instead, supplied the Thai products to Myanmar people from the Ta Chi Lek Province in a large amount at their back doors. (TNA)
The prices of palm and soybean cooking oil at the Mae Sai border market have surged to a record high of 60-65 baht per litre in both plastic packs and bottles, or as high as 980 baht a gallon, from 550 baht a gallon normally, prompting people on both sides of the border to have rushed to purchase the products for hoarding as their households' safe stocks.
Local people also complained that large-scale retailers have limited their sales of palm and soybean oil to only two bottles for each buyer in the Thai side, but they have, instead, supplied the Thai products to Myanmar people from the Ta Chi Lek Province in a large amount at their back doors. (TNA)
