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NEWS-Myanmar to Establish Edible Oi
- Subject: NEWS-Myanmar to Establish Edible Oi
- From: BurmaJapan@xxxxxxx
- Date: Tue, 09 Dec 1997 12:16:00
Myanmar to Establish Edible Oil Industrial Zone
YANGON (Dec. 8) XINHUA - An edible oil
industrial zone will be established near the
newly-developed Thilawa Port in the
capital of Yangon, according to today's
official newspaper The New Light of
The edible oil industrial zone, to be jointly
implemented by the Myanmar Industrial
Manufacturing Co Ltd and the Myanmar
Edible Oil Dealers Association, will be set
up on a plot of 121.5 hectares.
Myanmar laid down a plan in 1995 to
ensure self-sufficiency in edible oil within
three years. However, the plan has not
been fully realized.
The establishment of the edible oil
industrial zone is expected to realize the
Myanmar consumes about 300,000 tons of
edible oil on an annual basis, of which
some 200,000 tons is produced at home
and the rest has to be imported.
According to official statistics, the country
imported 65.25 million U.S. dollars worth
of edible vegetable oil and other
hydrogenated oils in the 1996-97 fiscal
year which ended in March.