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Market Opportunities: Very First Conference For Soybean Farmers Held In Nay Pyi Taw

21 June 2018

Myanmar National Conference on Soybean for Industrial Uses took place in Nay Pyi Taw on Thursday. 

The conference aims to build a new network for market expansion and to establish Myanmar Soy Bean Farmers’ Association.

Over 200 soy bean farmers joined the conference which is being held for the first time in Myanmar.

Farmer, MoeHnyin Township, Kachin State, Khin Maung Kyaw said “Soy bean has been planted since our ancestors’ time. But the agricultural method is not systematic. During these years, we have attended the trainings conducted by Winrock International. So, we come to know the systematic method for cultivating soy bean. We have over 20000 acres of Soy bean in MoeHnyin Township. It increased to over 30000 acres this year.” 

The Ministry of Agriculture, Livestock and Irrigation is also implementing the Farm Project for welfare of the farmers in cooperation with the International Fund for Agricultural Development. The project period is from 2014 to 2020. The project also plans to provide funds for farmers based on their business plans such as seed production and producing finished products.

Project Director, Farm Project, Dr. Moe Kyaw Thu said “Increased income of rural people is one of the components from this project. There are common interest groups of farmers in Nay Pyi Taw council area. According to last year experience, mung bean market has been decreased. So, we tried to plant soy bean as a substitute crop. We conducted trainings for farmers, and also established the demonstration plots.”

The meeting discussed the domestic soybean market demand and trends, and opportunities and constraints of soy production in Myanmar.