Groundnut fetches good price in Mandalay market due to demand from foreign countries

The Mandalay bean market is doing well because of the demand for groundnut from neighbouring countries as stated by the Mandalay bean traders.


At present, groundnut beans are brought into the Mandalay market from areas such as Bahmo, Katha, Htigyaing, Shwegu, Kalay, Kalaywa, and Gangaw. U Soe Win Myint, the owner of Soe Win Myint Fair in Mandalay, said that this year, transactions have been brisk and prices have risen to K310,000 per bag.


“A large number of beans are entering the market and transactions are good. The prices are rising because the neighbouring countries: China and India are buying them. This year’s yield and prices are good, and farmers are happy with the good yield. Most of the beans are exported to European and Middle Eastern countries.


The number of customers buying beans is increasing year by year, so we are getting good prices.


As a winter crop, groundnut is grown only once a year, and this crop does not like hot seasons and rainy seasons, so it cannot be grown anywhere. The crop can be grown in Htigyaing, Katha, Bahmo, Shwegu and Chindwin River Basin Area including Kalay, Kalaywa and Gangkaw along the Ayeyawady River Basin. — Min Htet Aung (Mandalay Sub-Printing House)/KZL