KUALA LUMPUR, June 18 – The quality of olein cooking oil in one kg sachets sold in the local market meets the prescribed quality and is not recycled, said Ahmad Parveez Ghulam Kadir, Managing Director of Malaysian Palm Oil Board (MPOB).
He said the price of cooking oil in polythene bags was controlled by the Ministry of Home Trade and Consumer Affairs, therefore, the retail price could not exceed RM 2.50.
âThe perception that subsidized cooking oil in polythene bags is inferior is wrong. The price is subsidized and controlled by the government, so it is cheaper than the price of bottled cooking oil on the market, âhe said in a statement today.
He explained that the subsidy kept the price of cooking oil in polythene bags at RM 2.50 despite the increase in the price of crude palm oil in the market, and was aimed at reducing the price of crude palm oil in the market. burden on consumers to obtain cooking oil at an affordable price.
âThis targeted subsidy is for consumers who purchase cooking oil in 1kg sachets for personal use, especially the lower income group.
âWhile bottled cooking oil from different brands provides an option for middle and upper class consumers who are willing to pay a higher price,â he said.
In elaborating, Ahmad Parveez said that there are 49 refineries and 312 packaging companies that are actively operating to supply cooking oil to the local market, estimated at one million tonnes per year.
He said that MPOB regularly conducts monitoring and testing of cooking oil samples in the market and found that the quality and important characteristics meet the criteria set by the Department of Standards Malaysia.
He said he understood the oleic acid content, color and essential qualities including polar compounds and polymers, oxidation stability index and vitamin E (tocotrienols and tocopherols).
In 2020, Malaysia produced 19.14 million tonnes of crude palm oil and the consumption of olein cooking oil for the local market was only 4.1% of the total crude palm oil production of the country. country. – Bernama