Mandalay market sees brisk sales of wheat crops

Wheat is highly demanded in the Mandalay market these days and also fetching a high price, beans and pulses traders said.
It is mainly supplied by Monywa, Shwebo, Sagaing, Budalin, Myinmu and Myaung areas. The wheat fetched only K90,000 per three-basket bag in January 2022, whereas it soars to K125,000 per bag in the last week of May, said U Soe Win Myint from the Mandalay Soe Win Myint depot.
“The prices of wheat crops stay high in recent days. The Mandalay market sees brisk sales as well. Global consumption of wheat is growing. It is the second-highest demanded crop in Myanmar after the staple food rice. The high price allows the wheat growers to make profits this year. Earlier, wheat was commonly imported. To minimize the capital outflow, I like to suggest the growers add more acres and improve production. The domestic consumption of wheat is also growing year over year. The wheat has become one of the essential crops in Myanmar,” he elaborated.
The wheat can be cultivated once a year. It cannot be grown anywhere in Myanmar, especially in Sagaing Region. It is commonly found in southern and northern Shan State, Chin State and Kayah State. — Min Htet Aung (Mandalay Sub-Printing House)/GNLM

Share this post
Hot News
Hot News