News

Burmese peanuts are popular abroad and the price is rising strongly

Peanut Meal
Published Apr 2, 2024

Tridge summary

In Alammu Town, the production of high-quality peanuts has led to a significant market response, with prices soaring due to demand from foreign businessmen, particularly from China and Thailand. This international interest has resulted in a decrease in local peanut stock and an increase in market prices, reaching up to 27,500 kyats for a basket of unshelled peanuts and 8,300 kyats per tuft for red-skinned peanuts. To meet the demands of both the domestic and international markets, the local peanut shelling factory is operating at full capacity, processing large quantities of peanuts for export and local consumption.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Alammu Town, the locally produced peanuts are of high quality and have received enthusiastic response from the market. The price of a basket of unshelled peanuts is as high as 27,500 kyats. And the peanuts that have been carefully shelled and cleaned are even more expensive. The price of white-skinned peanuts is 6,900 kyats per tuft, while the price of red-skinned peanuts is as high as 8,300 kyats per tuft. According to a peanut merchant in Alanmu Town, due to large-scale purchases by foreign businessmen, the local peanut stock has gradually decreased, causing the market price to continue to rise. In order to meet the needs of domestic and foreign markets, the peanut shelling factory in Alammu Town is also actively operating. They purchase ...
Source: Foodmate
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