Floods cause destruction of betel farms, doubles the price

Source : The Global New Light of Myanmar
View Count : 140
Oct 25, 2017

The price of betel leaf has doubled after floods destroyed betel farms in Kyaiklat Township in Ayeyawady Region, according to yesterday’s report of City News.
        Floods inundated betel farms in some villages of Kyaiklat Township in June and July.
        The destruction of betel farms quickly led to unusually high prices. Betel leaf did not fetch a good price shortly after betel farm owners plucked the leaves early as an immediate response to flood.
        At present, the price has soared. The betel plants are newly cultivated in some areas but the yield is low. The scarcity of supply has forced the price higher, said a betel farm owner.
        The betel price in June and July was only Ks2,500 per viss (3.6 pounds). Betel leaves fetched up to Ks8,000 per viss for special quality and Ks6,500 for normal quality.
        The betel price was on the rise during rainy season. The price shoots up when the supply is low, as it has good quality and steady demand, said a betel seller.



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