Despite plentiful production, banana prices slump

16 mk
In the 2021-2022 financial year, the Sagaing region will cultivate a total of 1,351 acres of a banana plantation in the cold season, Sagaing Region Agriculture Department stated.

Although there has been a high yield of bananas year by year in the Sagaing region, the prices of bananas have significantly dropped during the pandemic period, according to the banana growers.
“The local growers cultivate around 1,000 banana trees per acre. The cultivation of bananas costs K2 million per acre. At the time of fruiting, the farmers get back around K5 million per acre,” said a banana grower.
In the 2021-2022 financial year, the Sagaing region will cultivate a total of 1,351 acres of a banana plantation in the cold season, Sagaing Region Agriculture Department stated.
“The banana plantations are cultivated mostly on hills and in remote areas of the Sagaing region. Due to the drought, it is not convenient to grow seasonal crops. Thus, local farmers are growing only banana plantations. Recently, banana plantations have been found on the dykes of the paddy field,” said U Aung Kyi Win, deputy head of the regional agriculture department.
Last monsoon season in the FY2020-2021, the Sagaing region cultivated a total of 25,964 acres of banana plantation, including 645 acres in Mawlaik, 340 acres in Tamu, 896 acres in Kalay, 671 acres in Hkamti, 408 acres in Naga, 4,228 acres in Monywa, 2,877 acres in Yinmabin, 7,616 acres in Shwebo, 622 acres in Kanbalu, 488 acres in Sagaing, 5,447 acres in Katha and 1,726 acres in Kawlin districts, Sagaing Region Agriculture Department statistics showed. — Lu Lay/GNLM

Share this post
Hot News
Hot News
Strategic Myanmar must fully control water and airspace
MNHRC inspects Thanlyin Prison, Thanlyin Police Lock-up, Thanlyin Court Detention Centres and Lumbini Home for the Aged
National Security Adviser receives Indian Ambassador
Malicious media outlets intentionally spread fake news
Chinese Minister Counsellor praises Myanmar’s continued practice of one-China policy
Illegal Trade Sting: 26 arrested, goods worth over K484M seized
Mine blast disrupts rail operations
Myanmar Photography Association announces Photography Course No 49
Kyaukpadaung Township’s new pond to serve 5,000 residents across 5 villages
Myanmar-China Friendship Association to attend young leader exchange in Nanning