The Ministry of Commerce is helping Myanmar's vegetable businessmen to get access to more loan plans through Myanmar Agricultural Development Bank

Concerted efforts are being made by the Commerce Ministry for Myanmar’s vegetable businessmen to get access to more loan plans through Myanmar Agricultural Development Bank, according to a meeting held at UMFCCI on Tuesday with private businessmen.

Apart from watermelon and muskmelon, other vegetables and fruits production has been found to be in decline in the vegetable and fruit sector. The decrease in production is attributed to the high cost of input, erratic weather conditions and insufficient capital of the farmers.

In addition, the price of fertilizer and pesticides are higher than that of neighbouring countries. Therefore, locally produced vegetables and fruits are not able to compete with imported ones in the domestic market, said U Soe Than Min Din, the chairperson of the Myanmar Fruit, Flower and Vegetable Producers and Exporters Association (MFVP).

More loan plans are being planned to provide for the businessmen through Myanmar Agricultural Development Bank, said U Kyaw Win, Union Minister for Commerce. He encouraged the aforementioned association to participate in enhancing the export through cooperation with the growers.

(The Global New Light of Myanmar: http://www.globalnewlightofmyanmar.com/more-loans-for-myanmar-vegetable-businessmen/)

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