Mizzima

Negotiations are underway for building natural fertilizer plants in Yangon, Naypyitaw, Ayeyarwady and Magway Regions in joint operations with Russian companies.

Myanmar Union Minister of Cooperatives and Rural Development Hla Moe had discussions with the country representative of Russia Ross Congress Investment Fund in Myanmar and LLC Souznedra Chairman Mr. Artemiy Alimov on 3 July.

They discussed the building of three small-scale mobile fertilizer factories and rural development matters and also discussed methods, technology and joint operation programmes for the building of natural fertilizer factories in Naypyitaw, Yangon, Ayeyarwady and Magway Regions.

Myanmar Petrochemical Enterprise under the Ministry of Electricity and Energy invited Expression of Interest (EOI) for privatization of four fertilizer manufacturing plants. These four factories are No. 1 Fertilizer Factory (Salay), No. 2 Fertilizer Factory (Kyunchaung), No. 4 Fertilizer Factory (Myaungtagar) and No. 5 Fertilizer Factory (Kangyidaung).

The prices of chemical fertilizers used in agriculture fell in the market slightly in comparison with last year but some predict higher prices at cultivation time.

It is learned from the Land Utilization Section under the Department of Agriculture that 590 companies applied for fertilizer import licenses to meet the demand of agriculture in the country.

Myanmar imported over 2.2 million tonnes of chemical fertilizers in FY 2022-23 and most of them were nitrogen, urea and compound fertilizers.