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Data of jumping up basic needs price, here is the results

Data of jumping up basic needs price, here is the results

MTCI reports data of jumping up basic needs price in the national market. Infografista: Octavio Guterres

DILI, 08 april 2022 (TATOLI) – Minister of Tourism Commerce and Industry (MTCI) through the National Department of Regulation for commerce and consumer protection is reported jumping in basic needs prices in the market.

The National Director of the Department of Regulation for commerce and consumer protection, Bertinetti Viera Lobo Baptista said based on the data collection conducted by MTCI in the fields identified that cooking oil price is jumping up in the shops and market.

“The price which offered for cooking oil with size 4,5 liters in february to march from supplier companies is $.6,93 and increase to $. 7,38,” The National Director of Department of Regulation for commerce and consumer protection, Bertinetti Viera Lobo Baptista told Tatoli Agency, at his office, mandarin, this friday.

He added that the resellers decided to offer prices in february and march is $.7,25 to $.7,75 for 4,5 liters of cooking oil.

The cooking oil size of two liters is offered by distributors in february to march is $.3,50 and in march $.4.00.

Thus, markets and shops prices are up 3,75 jumps to $.4,25.

Based on MTCI’s data shows Sugar is contributing to slightly increasing prices in the market. It is recorded that 50 kg of sugar reached $.33, 50 in february and march $.33, 50. The reseller’s price reached $. 33,75 in the shop and market.

MTCI has collected data from the six main distributors in Dili composed of Perisos, Lisun, Fortuna, Alfa Dili, Kreativu furak, and W4.

Mr. Baptista explains the main cause market prices are growing up is due to the main exporter country not being able to supply more basic needs to the Timor-Leste market.

“Indonesia is one of the main suppliers for basic needs. However, it is temporarily not allowed to supply more food items and cooking oil to Timor-Leste.

The government of Indonesia is still focused on responding to Indonesia market demands.” Mr. Baptista said.

Thus, the two main suppliers in Timor-Leste composed of Perisos and Fortuna suppliers company still have stock of cooking oil. Perisos has ten containers of cooking oil and Fortuna supplier has 23 containers. It is not available in Timor-Leste and still in the exporting process.

“It is delaying the transportation process to Timor-Leste. It is due to the Indonesian government still not allowing them to export cooking oil overseas, except responding to Indonesia market demands.

The distributors required government support to ensure the smooth transportation process to reach Timor-Leste’s market.

Related news:Kreativu Furak Shop considers rarity cooking oil in the market affecting slightly prices increasing

Journalist: José Belarmino De Sá

Editor: Rafy Belo

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