{"id":21665,"date":"2021-01-13T19:23:51","date_gmt":"2021-01-13T19:23:51","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=21665"},"modified":"2021-01-13T17:44:06","modified_gmt":"2021-01-13T17:44:06","slug":"rukwa-cooking-oil-price-doubles-in-one-month-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2","title":{"rendered":"Rukwa cooking oil price doubles in one month"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>RUKWA residents have to dig deeper into their pockets as the price of edible cooking oil has doubled since last month.<\/p>\n

A survey conducted by \u2018Daily News\u2019 in some parts of Sumbawanga Town showed that the retail price of cooking oil has hiked since December last year.<\/p>\n

Currently edible cooking oil of MO Safi and Korie trade at 100,000\/- per 20 liter from 50, 000\/- to 60,000\/-.<\/p>\n

In the event, the price fluctuation has compelled some retail traders to hesitate selling Korie, Mo Safi and sunflower oil products, fearing the buyers\u2019 low purchasing power.<\/p>\n

\u201cThe price has skyrocketed, I\u2019m worried of restocking because I may end up failing to find buyers,\u201d said a retail shopkeeper, Mr Johnson Mwambe.<\/p>\n

Similar sentiments were echoed by retail traders in Kalambo, Nkasi and Sumbawanga districts.<\/p>\n

\u201cMost of our customers are these petty traders who buy two to five liters… but they no longer come,\u201d explained Ms Mwajabu Babu, who runs a retail shop in Nkasi District.<\/p>\n

Sources recounted that the surge of sunflower cooking oil price was attributed to heavy rain that had affected sunflower farming in the region.<\/p>\n

\u201cThe price of sunflower cooking oil has gone up from 3,500\/- per bottle a half a liter to 8,000\/-. This has an impact on buyers\u2019 frequency trend in my shop. Actually, they do not come at all,\u201d explained a retail trader from Matai Town in Kalambo District, who preferred anonymity.<\/p>\n

Tanzania\u2019s annual demand for edible oil is estimated at 500,000 tonnes, while domestic production is only 200,000 tonnes annually.<\/p>\n

Subsequently, there is a deficit of 300,000 tonnes, which is covered by imports. Equally, Tanzania imports assorted cooking oil brands from Malaysia and Singapore as well as from some neighbouring countries.<\/p>\n

Demand and supply has caused hiked and lowered prices in markets largely dominated by imports.<\/p>\n

According to FAO, the Vegetable Oil Price Index gained a stunning 14.5 per cent in November from October 2020 led by an on-going rally in palm oil prices linked to sharp contractions in world inventory levels.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. RUKWA residents have to dig deeper into their pockets as the price of edible cooking oil has doubled since last month. A survey conducted by \u2018Daily News\u2019 in some parts of Sumbawanga Town showed that the retail price of cooking oil has hiked since December last year. Currently edible cooking oil of […]<\/p>\n","protected":false},"author":84,"featured_media":21664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6990,6991,711],"class_list":["post-21665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nRukwa cooking oil price doubles in one month - Tanzania<\/title>\n<meta name=\"description\" content=\"RUKWA residents have to dig deeper into their pockets as the price of edible cooking oil has doubled since last month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rukwa cooking oil price doubles in one month\" \/>\n<meta property=\"og:description\" content=\"RUKWA residents have to dig deeper into their pockets as the price of edible cooking oil has doubled since last month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-13T19:23:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/01\/img-5fff314abd476.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"507\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rukwa cooking oil price doubles in one month\",\"datePublished\":\"2021-01-13T19:23:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2\"},\"wordCount\":342,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/01\/img-5fff314abd476.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rukwa-cooking-oil-price-doubles-in-one-month-2\",\"name\":\"Rukwa cooking oil price doubles in one month - 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