The Ministry of Agriculture, Livestock and Irrigation plans to set up an Agri Market Centre in Nay Pyi Taw to further progress the country's agricultural market.

The centre was inaugurated on January 20 and will be developed in collaboration with the Korea International Cooperation Agency.

South Korea will allocate funding of US$8.37 million for the project which is expected to provide many benefits to local farmers.

The centre will collect and provide information on the products while also ensuring the quality of the goods sold. It also hopes to improve consumer safety and facilitate direct wholesale trade.

“The project will mainly cater to the post-harvest businesses,” said Deputy Permanent Secretary at the Ministry of Agriculture, Livestock and Irrigation U Myo Tint Tun.

“What we truly need is a post-harvest service at the Agri Market Centre. The goods will be inspected upon arrival and departure and there will also be auction services for the products,” he said.

The project aims to aid the development of Myanmar's agriculture market. It hopes to provide mutual benefits for both manufacturers and consumers, leading to higher living standards for farmers.

Source from: Htoo Thant(2021). Myanmar Set Up Agri Market Centre in Nay Pyi Taw. Retrieved from: Myanmar Times, Business(January 22, 2021). https://www.mmtimes.com/news/myanmar-set-agri-market-centre-nay-pyi-taw.html