Bme Eco DONE

Introduction The first two articles shows the demand and supply issues of cooking oil. Government has increased supply of cooking oil by 10% in order to meet demand during Ramadan. There would be enough quantity of cooking oil available during the fasting month to make sure cooking oil is sufficient to meet demand during festive season. The demand for the necessities usually increases due to the needs of entrepreneurs to make festive cookies and so on. Besides, another government strategy to overcome the shortage of cooking oil is increased 10% quota to 4,000 metric tonnes. Other than that, government organizing The “Program Jom Beli Barang Raya” which aimed on lower price on goods sold because it is direct sale from the factory to ensure there was no price discrimination on consumers. However, some of the seasonal entrepreneurs affected the supply to ordinary consumers as they purchase the small packs which only available for consumers. The difficulty in getting cooking oil make consumers thought there will always shortage of cooking oil especially festive season. This may due to suppliers and retailers do not have mutual agreement on the quantity of cooking oil that should be supply and sell in the market. In addition, some shortage problems on particular brand of cooking oil were due to the consumer preferences. The third article is about the decision of a company to stop selling 4,000 tonnes of cooking oil cause part of the shortage problems. However, the price of cooking oil before CNY would not raised and people should not panic buying as government will increase the supply of cooking oil by 14,000 tonnes to meet the demand. This can avoid the firm from raising the price due to shortage problems. Fourth article shows that cooking oil sold at inflated prices in Malaysia. The shortage of cooking oil is back haunt consumers in Kelantan again. Cooking oil was found in abundance in sundry shops here, but sold at inflated prices, and it was

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