Myanmar farmers have high hopes for monsoon harvest

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Myanmar farmers have high hopes for monsoon harvest

STORY: Myanmar farmers have high hopes for monsoon harvest DATELINE: July 14, 2023 LENGTH: 00:02:31 LOCATION: YANGON, Myanmar CATEGORY: AGRICULTURE SHOTLIST: 1. various of farmers working in the field in the Bago Region 2. various of farmers planting paddy seedlings in Yangon STORYLINE: Motivated by a significant increase in profits from last year's harvest, Myanmar rice farmers began to prepare for growing paddy in rain-fed fields in July. According to farmers, the paddy price reached approximately 1.6 million kyats per 100 baskets (4,600 pounds), compared to around 600,000 kyats per 100 baskets recorded in the same period of the previous year. Meanwhile, farmers are also expected to benefit from lower costs as this year's rice plantation season came with decreased input prices. The price of diesel fuel for agricultural machinery has decreased to 8,000 kyats per gallon, a drop from the 12,000 kyats recorded last year, while fertilizer prices have declined from over 100,000 kyats to 80,000 k

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