Raw salt prices decline in Mon State

The salt businesspersons reported that raw salt prices in the Mon State salt market have been steadily declining.
On 1 April, the sundried salt (ordinary) fetched K140-K150 per viss. However, it declined to K120-K130 per viss on 25 April. The salt prices have been trending downward as it is the time of producing salt, and salt farming blocks are producing raw salt for the moment, the salt traders reported.
Salt production commenced in mid-September in Mon State. Harvesting raw salt is from December to January.
Salt produced in Mon State is distributed to Taninthayi, Bago and Mandalay regions. In addition to domestic demand, it is exported to foreign markets upon the purchase offer.
In the last week of September, Myanmar signed a Memorandum of Understanding (MoU) with a company from South Korea for salt exports. It shipped a container loaded with 20 tonnes as a trial run, and further exports are bound to happen.
Additionally, a container carrying 20 tonnes of raw salt from Panga village, Thanbyuzayat Township, Mon State, was preliminarily exported to Japan in August.
Mon State, the second largest producer in Myanmar, yearly produces 40,000 tonnes of sun-dried salt, beyond magnesium chloride (MgCl2), iodized salt (I2) and table salt (NaCl), with 12 salt processing factories. — NN/TMT