Myanmar will ship over 5,000 tonnes of raw salt to the Republic of Korea in the 2024-2025 financial year.
Myanmar’s raw salt fetches a good price in the ROK. Currently, salt produced from Mon State is exported to external markets, according to Mon State’s Salt Farmers Association.
A container loaded with 20 tonnes of salt was sent to the ROK on a trial basis in September 2023. The experts from South Korea have already visited the salt ponds and salt processing businesses. South Korea and Japan proposed to purchase Myanmar’s raw salt.
Myanmar’s salt production is estimated at over 400,000 tonnes. Mon State, Rakhine State and Ayeyawady Region are the leading producing areas in Myanmar. Myanmar also exported a container carrying 20 tonnes to Japan in August 2023 on a trial basis. Then, Japanese trade partners ordered about 30 containers (600 tonnes of raw salt) during the salt farming season in December 2023.
Mon State is the second-highest salt-producing state in the country, with over 4,500 acres. The salt output in Mon State exceeds 50,000 tonnes per year.
The locally produced salt is widely and primarily distributed in the domestic market. Foreign demand like that might have an impact on the salt price. Myanmar’s salt will become a worldwide commercially valued product. — TWA/KK
