Myanmar Aims for Significant Expansion in Cotton Cultivation for 2024-25 Fiscal Year
Myanmar is setting ambitious targets for its cotton industry, with plans to cultivate over 600,000 acres of cotton across six states and regions in the 2024-25 fiscal year. The official Global New Light of Myanmar reported that the country aims to cultivate a total of 612,712 acres of cotton across 19 cotton cultivation zones.
The report, citing Union Minister for Agriculture, Livestock, and Irrigation U Min Naung, highlights Myanmar's intention to further expand its cotton plantations to 747,000 acres by the 2027-28 fiscal year.
During a meeting with officials from the Magway region, the Union Minister emphasized the importance of collaboration among relevant departments, businesspersons, and farmers to overcome challenges in cotton plantations and production.
The Minister also underscored the significance of promoting cotton cultivation, emphasizing its role in the development of cotton-based micro, small, and medium-sized enterprises (MSMEs) and the potential for increased exports beyond domestic demand.
According to the report, an acre of cotton plantation in Myanmar yields approximately 700 visses (over 1,143 kg) of cotton, indicating the substantial output potential of the country's cotton industry.
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