AMID high agricultural input costs, the Myanmar Rice Federation imported 177,000 tonnes of urea fertilizers and distributed 115,000 tonnes of urea fertilizers at fairer prices than the prices that are sold in the market.
The Federation distributes K86,000 per bag in the Yangon region, from K87,800 to K89,400 in other regions and states depending on transport charges.
The price per bag is K10,000 cheaper than the market value because the price is from K92,000 to K95,000 per bag in the fertilizer market. Currently, fertilizers needed for the winter and spring crops have been imported, and plans will be made to provide them for agricultural activities on time and to support sunflower farmers in October and November.
More than 34,000 tonnes of fertilizers worth US$17.617 million were imported by sea trade during the third week of August. The importation of over 20,000 tonnes from China, 2,000 tonnes from Iran, over 120 tonnes from Israel, about 50 tonnes from Japan, 400 tonnes from South Korea, over 300 tonnes from Thailand, over 5,500 tonnes from the UAE and over 3,500 tonnes from Viet Nam.
Most of the fertilizers is imported from China. About 20,000 tonnes of fertilizers were imported last week, it is learnt.
TWA/ GNLM
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