Wheat on sale well in Mandalay market

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Wheat is highly demanded in Mandalay market these days and the price is pretty high as well, beans and pulses trades said.
The price of wheat remains strong on the high demand at present in the Mandalay market. 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 soared to K115,000 per bag in recent days, according to Mandalay Soe Win Myint depot.
“The consumers prefer high-quality wheat from the Myaung region. Global consumption of wheat is growing. It is the second-highest demanded crop in Myanmar after the staple food rice. High price allows the growers to make profits. They are commercially doing well 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 price is expected to remain upward trend,” an owner of Soe Win Myint depot elaborated. The wheat can be cultivated once a year. It cannot be grown anywhere in Myanmar, especially in the lower Myanmar region. It is commonly found in southern and northern Shan State, Chin State and Kayah State. — Min Htet Aung (Mandalay Sub-Printing House)/GNLM

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