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)
