Maize price rises due to strong demand from Thailand, local buyers

Mandalay pulses traders say prices of maize in the Mandalay market have risen in recent days due to strong demand from Thai and local buyers.
The price of maize has risen sharply since the first week of May, from K28,000 per three-basket bag before Thingyan to K31,000 today, according to U Soe Win Myint (Soe Win Myint brokerage) from Mandalay.
In addition to the foreign demand, the resumption of the operation of feedstuff mills that use the maize as the raw materials has made the price increase, he added.
Both maize farmers and traders are reportedly satisfied with the current price. Farmers are reminded to take care of the maize fields as they are often infested with FAW insects this season.
At this time when maize prices are good, maize grown from various regions is actively entering the Mandalay market, and it is reported that maize from YeU, Kyunhla townships in Sagaing Region and Nay Pyi Taw, Tatkon, Pyinmana townships will enter the market in the coming July. — Min Htet Aung (Mdy Sub-Printing House)/GNLM

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