Peanuts in short supply in Monywa market

21 July


CURRENTLY,  the  demand  for  peanuts  exceeds  supply  at  the  Monywa  Wholesale  Centre  in  Sagaing  Region,  said  U  Thein  Oo,  owner  of  Myanmar  Thein  Wholesale Shop in Monywa.


He  noted  that  a  viss  (3.6  pounds)  of  white  peanuts  is  priced at K3,800, while red pea-nuts are sold at K4,000 per viss. For  the  time  being,  the  crop  is  in  short  supply  in  the  market  because  of  growing  foreign  de-mands.  Peanuts  are  one  of  the  marketable  crops  that  mainly  go  to  neighbouring  China  and  Thailand, as well as South Korea, Japan and Singapore.


The  market  has  witnessed  an  increase  in  the  price  of  oil  crops,  including  peanuts,  said  U Tun Tun Oo, chair of Sagaing Region Edible Oil Millers Asso-ciation.


Red  peanuts  usually  enter  Monywa  market  from  Minkin,  Kani, Homalin, Phonepyin, Kal-ay and Tamu areas, while white peanuts are sent to the market from Butalin and Myaung town-ships. China chiefly imports red peanuts  from  Myanmar,  while  white  peanuts  are  consumed  locally.


This  year,  prices  have  in-creased from K2,900-K3,000 per viss. It is expected that very few farmers  have  peanut  stocks,  U  Thein  Oo  said.—Myo  Win  Tun  (Monywa)(Translated  by  Khaing  Thanda Lwin)