Myanmar targets to expand 4 mn acres of sunflower plantations to cover domestic oil consumption

Published 24-03-2023, 06:45 am
© Reuters.  Myanmar targets to expand 4 mn acres of sunflower plantations to cover domestic oil consumption

Yangon, March 24 (IANS) Myanmar targets to expand the sunflower plantations up to 4 million acres across the country to cover domestic oil consumption, Ye Tint Tun, Director General of the Department of Agriculture, told the media .

Sunflower oil is one of the major cooking oil in the domestic market. Major cooking oil come from groundnuts, sesame seeds and sunflower seeds in Myanmar. Though the department targeted to plant 1.5 million acres of sunflower plantations, only 1.08 million acres were planted in the 2022-2023 fiscal year, according to the official.

"We already planted 1.08 million acres of sunflowers trees across the country last monsoon and winter seasons, we're targeting to expand more sunflower plantations up to 4 million acres gradually," the official said on Thursday.

The government agency planted sunflower trees mostly in Mandalay, Magway, Sagaing and Ayeyarwaddy region, and Shan state, Xinhua news agency reported.

"Domestic oil prices are good in the market this year, so we hope that farmers will be interested to plant more sunflower trees in the coming fiscal year," Ye Tint Tun added.

Myanmar cultivates more than eight million acres of edible oil crops per year while oil mills produce around 300,000 tons of edible oil per year, according to the state-run Global New Light of Myanmar last year.

--IANS

int/khz/

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.