To meet the vegetable oil demand in 2020, it is projected that groundnut production has to reach to 14.8 m tons, which is an increase by 5.3 m tons from the current production of 9.47 m tons. Groundnut varieties with high-pod yield and high-oil yield per unit area are the need of the hour to boost vegetable oil production in the country.
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Get Priceroundnut prices last month rose to a high of K4200 a viss (1.6 kilos) and it caused problems for local edible oil millers. However, new groundnut supplies will enter the market this month and thus prices will become more stable,said U Thein Tun, vice chair of the Myanmar Edible Oil Millers Association.
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Get PriceThe peanut, also known as the groundnut, goober (US), or monkey nut (UK), and taxonomically classified as Arachis hypogaea, is a legume crop grown mainly for its edible seeds. It is widely grown in the tropics and subtropics, being important to both small and large commercial producers. It is classified as both a grain legume and, due to its high oil content, an oil crop.
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