Myanmar Global New Light News on May 12, the Trade Department of the Ministry of Commerce of Myanmar issued an announcement on May 9 to suspend the export of peanuts and sesame seeds to ensure the supply of Myanmar's domestic market. Except for black sesame, the export of peanuts, sesame and various other oil crops through border trade ports is suspended. The relevant regulations will come into effect on May 9, 2022. The Trade Department of the Ministry of Commerce of Myanmar stated that factors such as the sluggish trade caused by the new crown epidemic, Indonesia's ban on exporting palm oil, and the escalation of the Russian-Ukrainian crisis leading to a decline in sunflower oil exports have had a negative impact on the international edible oil market. To ensure food security, the export of oil crops needs to be restricted. Since most oil crops and edible oils do not require export licenses, Myanmar Customs has suspended export declaration and customs clearance procedures for oil crops other than black sesame and edible oil since May 9. In addition, the Myanmar Edible Oil Distributors Association issued a statement on May 10. According to the order of the Ministry of Commerce of Myanmar, it is prohibited to repack edible oil from oil storage tanks without notifying the Myanmar Edible Oil Distributors Association. According to the May 9 report, Myanmar is currently At present, there are only 18,097.16 tons of palm oil reserves in Myanmar. The statement stressed that Myanmar will keep edible oil stocks unchanged. The Edible Oil Import and Circulation Supervision Committee of the Ministry of Commerce of Myanmar publishes reference prices every week to adapt to changes in international edible oil prices and supervise the market. From May 9th to 15th, the reference price of palm oil is 6,025 kyats/kyat (equivalent to about 12.5 yuan/kg). Myanmar consumes about 1 million tons of edible oil every year, and its own production is only about 400,000 tons. It needs to import about 700,000 tons of edible oil through Malaysia and Indonesia every year