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  • Burma:Legumes Apply for a license to export oilseeds and edible oils

    May 30th, 2022

    From next August 1, pulses, The Department of Commerce under the Military Council has announced that the export of oilseeds and cooking oil will be allowed only after applying for an export license. Among the goods required to apply for an export license are pulses and pulses. Peanuts နှမ်း၊ Beans Sunflower seeds Mustard seeds and oilseeds; Soybean oil Olive oil Coconut oil, peanut oil, Sesame oil Sunflower oil It contains various oils such as mustard oil and vegetable oil. onion, garlic, It also includes products such as onions. According to the Department of Commerce, the export of these goods needs to be done systematically. It aims to reduce the impact on domestic prices due to weak international demand for edible oil and to balance exports of oilseeds and edible oil to ensure domestic consumption. Therefore, any of the goods that need to apply for an export license can be shipped overseas. By air Exports will be allowed to be exported only after applying for an export license in accordance with the rules and regulations from August 1. Traders say the increase in the number of freight lines required to apply for export licenses could lead to delays in exports. "The main reason is to restrict the export of crude oil by license to reduce the import of palm oil," he said. They also seem to want accurate data on how much export is going on. Restrictions on licenses will take longer. It is no longer easy and fast, ”said a trader. The military council has been working to reduce palm oil imports during its tenure, and has declared that Burma will not only have a surplus of domestic oil but also become a major exporter of edible oil. The oilseeds sector Foreign investors are invited as a matter of priority. An oil crop extension committee has been formed. Exports of peanut oil and sesame, two of the country's oilseeds, have been suspended since May 9. According to statistics released by the Department of Commerce, goods that do not need to apply for export licenses are: Vegetables, including tomatoes Coconut hair Sesame seeds Pumpkin seeds and oil; Products such as animal oils and candles.


    Source: https://www.standardsfacility.org/sites/d
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