The long rainy season in Sagaing Region affected the yield of peanuts in Myaung Township, and growers have earned smaller profits due to low peanut production in the region.
“Only one third of peanut plantations yielded well due to the erratic weather and the long spell of rains. The total input costs for cultivation are estimated at K500,000 per acre, including the cost of seeds, wages, and fertilizers, among other things. But, we have earned K650,000 in three months, making a profit of K150,000. Growers who cultivated peanuts on hired farmlands may face losses”, said U Zaw Naing Tun, a grower from Mayoe Village.
The yield of peanuts in August, last year was pretty good, but the production was low this year. —Tin Ko Ko (Myaung)
(Translated by La Wonn)