Myanmar ships over 157,000 tonnes of peanut to international markets as of 17 Sept

Myanmar has exported US$187.9 million worth more than 157,933 tonnes of peanut to the foreign trade partners as of 17 September 2021 since 1 October 2020, according to the Ministry of Commerce.
Myanmar’s peanuts are mostly exported to China. At present, it is highly demanded in the domestic market rather than the Chinese market as the price of imported palm oil edged up. Consumers’ behaviour has changed and the demand for peanut oil has risen on these days. The peanut oil fetches about K6,500 per viss (a viss equals 1.6 kilogrammes), whereas the palm oil is priced at above K4,300 per viss on 27 September.
Following the high demand of the local millers, the prices of peanuts move in the range of K2,700-K2,950 per viss, according to the Mandalay wholesale market.
Myanmar oil body has been planning to export peanut oil produced in line with Good Agriculture Practices (GAP) and Good Manufacturing Practices (GMP).
There are about 300 oil millers in Mandalay, of whom only 50 hold FDA certificate, while the rest have been unable to meet the FDA criteria.
The Myanmar Oil Millers Association plans to help millers in the entire supply chain get approved by the Food and Drug Administration, to eradicate illegal sales in the market and ensure a firm market for producers.
It also helps millers earn the trust of consumers and place them in a better position to compete with other oil brands being sold in the domestic market, said Mandalay oil millers. — KK/GNLM