The price of areca nut keeps decreasing as Myanmar hasn’t exported to India yet

The areca nut price continued to drop because Myanmar has not exported it yet to India, according to the areca nut merchants.
“The areca nuts are exported mostly to India via Tamu land border. Now, we haven’t shipped it yet to India, and the traders are holding over 400 or 500 tonnes of areca nuts. Some of the traders have stocked around thousand tonnes of nuts. Although we have domestic demand for areca nut, the price will be rising when the trader can export it to foreign counties, said an areca nut trader from Mon State.
Now, the areca nuts are exported not only via border route but also sea route to Australia and Malaysia.
The areca nuts are usually picked up in October. The price of earlier yielding areca nuts is only K4,000 per viss, a decrease by K2,000 per viss compared to that of the same period of last year.
“We have stock of last year areca nuts. The traders are still buying the areca nuts from the growers to make sure non disrupted relation. The traders don’t want to stock them for a long time and thus are selling them for K4,000 per viss. Previously, Myanmar exported over 50 truckloads of areca nuts to India via Tamu border area. But these days, the trade of areca nut is postponed because of the pandemic. Before the second wave of COVID-19 started, only a few tons of nuts were exported to India,” said an areca nut trader from Tamu.
The areca nuts are grown mostly in Ye Phyu township in Taninthayi region. The nuts are usually picked up from October to February.
Myanmar exported the areca nuts to India via Tamu and Rekhawda land border checkpoints. —Aye Chan Moe (Translated by Hay Mar)

(The Global New Light of Myanmar: https://www.gnlm.com.mm/areca-nut-price-keeps-decreasing/ )

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