Myanmar salt prices soar amid China panic buying


YANGON, Myanmar: Prices of iodized salt in Myanmar's biggest cities have tripled amid a wave of panic buying in neighboring China, where worried shoppers are buying up stocks due to fears of fallout from Japan's nuclear crisis, media reported Sunday.

Grocers and wholesale salt merchants in Yangon and Mandalay say the prices of iodized salt have soared since Friday when vendors started shipping large quantities of salt to China, prompting concerns at home that supplies would run out, the weekly True News Journal reported in its Sunday edition.

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