Myanmar: The third wave of betel nut trade is in turmoil as trade routes are not open due to Covid-19

Published 2021년 7월 21일

Tridge summary

The betel nut market in Myanmar is experiencing disruption due to the ongoing third wave of Kovis-19, leading to increased prices in Yangon's betel markets. The non-operation of cargo lanes and traffic congestion have hindered the movement of betel nut trucks from Myeik to Yangon and other cities, causing a shortage in urban areas. In contrast, rural areas have seen a decrease in betel prices due to the inability to export to cities. The current situation has led to a significant price hike in dried betel nut in Yangon's market, with further increases expected.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to betel market experts, the betel nut market is in turmoil due to the non-opening of cargo lanes due to the third wave of Kovis-19. Betel traders are also unable to carry goods due to traffic jams on the Myat Myo (Beit) side. The market is not open every day because it is not portable. Yangon, The betel market near the King Naung Theater is even worse. With no entry or exit, betel prices are soaring. In the rural areas, goods are closed and prices are falling due to the inability to export to cities. Yangon Region U Naing Aung Thu, a betel trader at the King Naung Festival Hall, said. Due to the difficulty of betel export routes, Yangon, In the betel nut market at the Bayintnaung Festival Hall, the price of a pound of dried betel nut is rising from 8,000 kyats to 10,000 kyats. Beetroot cars could not get out because of the Kovis virus. Buyers are likely to call everyone who looks appropriate, if there are only a few. Betel nut trucks usually depart from Myeik (Beit) ...

Source: Greenwaymyanmar