Fruit producers to get loans

EMG reporter

The Myanmar Agricultural Development Bank considers giving out loans for fruit producers, said Kyaw Win, minister for planning and finance.

The bank is under the Ministry of Planning and Finance and gives out loans only for farmers.

The fruit production is declining save for watermelon and cucumber, according to Soe Than Min Din, chairman of the Fruit, Flower and Vegetable Producer and Exporter Association.

The decline is due to climate change, expensive production materials and insufficient capital.

The prices of some pesticides and chemical fertilisers are two or three times pricier than those in regional countries. The domestic market is also hurt by import fruits, said Soe Than Min Din.

He said he had requested the government to categorise cardamom pods and yam as agricultural products from forest products since they were profitable in foreign markets.

Translated by Nay Thiha