Story Posted: January 08, 2008

Malaysia to Flood Stores With Cooking Oil Amid Widespread Panic Buying

Source: Soyatech (English General News), Category: Food Industry

The Malaysian government said it would flood the retail market with cooking oil starting Tuesday to overcome panic buying sparked by fears of a shortage ahead of Chinese Lunar New Year festivities. Stores in many states have been depleted of palm oil-based cooking oil in recent days, prompting authorities to impose temporary rationing.

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