Areca nut growers battered by drop in price

Areca nuts seen in a farm in Bokpyin.  Photo:    Soe Win (IPRD)
Areca nuts seen in a farm in Bokpyin.  Photo: Soe Win (IPRD)

Areca nut growers in Karathuri Town of Bokpyin Township, Taninthayi Region, have suffered dramatic losses this year due to a decline in prices.
Currently, fresh areca nuts are priced at K22 per nut, while dry areca nuts are fetching K4,300 per viss. The price of areca nuts has significantly declined this year compared to last year, affecting local growers adversely. Due to the fall in price, growers have begun storing areca nuts. ( 1 viss = 1.63 kg )
“The fall in the price of areca nuts can be attributed to the outbreak of the novel coronavirus. As a consequence, export and import activities have temporarily stopped, and the price of areca nuts has been on the decline,” said an areca nut grower.
There are nearly 150,000 acres of betel nut plantations across the country, with Taninthayi and Ayeyawady regions and Mon State being the major producers. — Soe Win (IPRD) (Translated by Hay Mar)

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