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Myanmar needs to import more edible



Myanmar needs to import more edible oil 

Xinhua, Yangon, 27 October 1999. Myanmar's domestic production of edible 
oil is not meeting its demand and it still has to import a large amount of
such oil. 
According to the latest figures released by the country's Central Statistical
Organization, Myanmar imported a total of 53.4 million U.S. dollars' worth
of edible 
oil in the first half of this year, 12.6 percent less than the same period
of last year. 

The statistics also show that in 1998, Myanmar imported a total of 121.7
million 
dollars' worth of edible oil. The figure for 1997 was 124.7 million
dollars. Myanmar's 
population is growing at an annual rate of 2 percent. 

As there is no corresponding adjustment of the cultivated area of oil crops
with 
less per-hectare output, Myanmar is still insufficient with edible oil. To
strive for 
self-sufficiency in the oil, Myanmar has leased out large plots of vacant
and virgin 
land to be run by private entrepreneurs, providing the oil crop growers with
agricultural loans and granting advance payment for the crops. 


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