The price of tomatoes in Myanmar has plummeted from around 2,000 to 300 kyats, putting farmers in dire straits

Published 2024년 9월 4일

Tridge summary

Farmers in the Inle Lake area are experiencing significant losses due to a drastic drop in tomato prices from 2,000-2,500 kyats per ton in July to 300 kyats per ton in August. This is attributed to high tomato production and low purchasing power. The already slim profit margins are further eroded by high planting costs and challenges such as fuel shortages and unstable exchange rates, which have led to increased costs and reduced demand. As a result, farmers are finding it difficult to recover their capital and are struggling to sustain their operations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The farmer said that in July, he could earn 2,000-2,500 kyats per ton, but in August it was only 300 kyats, which was a serious loss. And if people come to buy, if they don't sell at 300 kyats per ton, they will go somewhere else to buy. In addition, Jila Village and Jiesa Village, which mainly grow tomatoes in the Inle Lake area, also grow tomatoes. Therefore, when they are put on the market at the same time, the price falls due to high tomato production and low purchasing power. A farmer in the Inle Lake area said that the tomatoes in Inle Lake also produce a lot, but the purchasing power is not good, and the planting cost is not low. Now the losses cannot even recover the capital. In August, the price is only 400-500 kyats per ...
Source: Foodmate

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