Amid the continued concern over a disruption in the supply of edible oil due to Indonesia’s restrictions on palm oil exports, some large supermarkets in Gangwon-do are limiting the purchase quantity of some edible oil items, one per person.
As a result of our coverage of 5 large supermarkets in the province on the 12th, as a result of our coverage of 5 large marts in the province, one edible oil product (1.8ℓ of white snow cooking oil), which is expected to be in short supply at one (MS Mart), posted a notice to limit the purchase of one per person. are selling A mart official said, “It seems that the current supply of the popular edible oil product is insufficient. As it is unlikely that we will be able to secure the quantity as much as we have placed the order, we have placed a purchase limit in consideration of the quantity currently in stock.” Mart’s analysis is that there is a risk of hoarding as it is a popular product due to insufficient supply and low price.
Belmonde, another local mart, received a notice from the head office that supply of one large-capacity edible oil product (18ℓ of Haepyo cooking oil) would soon become difficult, and the amount and timing of additional stock in the future is uncertain. In particular, there are concerns about a shortage of food as local restaurant self-employed representatives purchase a large amount of cooking oil in advance in preparation for the edible oil crisis. A Belmonde Mart official said, “It is not yet at a level that is serious enough to be called an edible oil crisis, but if the situation becomes more serious in the future, restrictions on the purchase of edible oil may be implemented like other large marts.” Currently, warehouse-type discount stores in other cities and provinces have limited quantities because many businesses purchase in bulk.
The reason why some supermarkets are restricting the purchase of edible oil products is because Indonesia, the world’s largest palm oil exporter, banned the export of edible palm oil and feared that the edible oil crisis would intensify in the future, resulting in increased sales. The Homeplus Chuncheon branch announced that the sales of cooking oil increased by 60% this month compared to the same period of the previous year, and sales increased by 40-60% at each store in Wonju and Gangneung. According to the Korea Consumer Agency’s price information for daily necessities, the average price of edible oil (900ml) at large supermarkets in Gangwon was 4680 won (as of the 6th), which increased by 430 won (10.11%) compared to the same period last year (4250 won).
Sunwoo Hwang [email protected]