LOCAL sugarcane growers get a handsome profit for their product this season because of high domestic demands, farmers say.
A grower from Yedashe Township, Bago Region, said local farmers received Ks55,000 per tonne of sugarcane this year including transportation expenses. “We, Bago Region sugarcane growers, enjoy a healthy profit from the sale of the crop this season. This year’s sugarcane price increased to over Ks50,000 from Ks40,000 per tonne,” said a female grower from Ayethaya Village.
She continued to say that an acre of sugarcane plantation normally produces at least 30 tonnes worth over Ks1.6 million.
According to a broker, the price of sugar is steadily high in global market as the production of sugarcane from the neighbouring India and China, the world’s leading producers, declined this year.
“That is why sugarcane price is high in local market,” he added.
There were a total of 25,000 acres of sugarcane plantations over the past three years in Yedashe Township. Authorities are now arranging to disburse agricultural loans to sugarcane growers.
Sugarcane is one of the major industrial crops under cultivation in Myanmar. The sugarcane has become part of the crop production of more than half of the world, including Asia and America because of its health benefits. Sugarcane includes proteins, phosphorus, iron, zinc, and potassium, and vitamins A, B-complex, and C.