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Myanmar Firm Building $12m Industrial Park in Push to Modernise Agriculture

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The Myanmar Ag­ribusiness Pub­lic Corporation is building a $12 million in­dustrial park in the delta region in a bid to push up the quality of Myanmar’s farming produce and at­tract investment.

The park in Myaungmya township, about 150 kilo­metres west of Yangon, is slated for completion in late 2018, but already has basic infrastructure including electricity and a jetty.

Investors from China, Taiwan, Japan and Thai­land have expressed inter­est in the project, MAP­CO’s managing director U Ye Min Aung said.

Myanmar’s agriculture industry offers huge po­tential for investors but decades of underinvest­ment mean both yields and quality are lower than those of the country’s re­gional neighbours.

Nonetheless, interna­tional investors see po­tential. Scot Marciel, US Ambassador to Myanmar, told Myanmar Business Today in a recent inter­view that US agriculture was among the indus­tries attracting particular interest from American companies following the end of sanctions in Octo­ber.

MAPCO was founded in 2012 with state backing with the aim of develop­ing the agricultural sec­tor. it is set to open the country’s largest rice mill in the delta region this March. The K9 billion fa­cility in Kyaiklat will be capable of processing 450 tonnes of rice per day, more than double that of its existing mill in Nay­pyitaw.

The plant will help My­anmar widen its appeal in export markets beyond China, which buys the vast majority of the coun­try’s rice. It has a parboil­ing system that makes rice resistant to breaking.

The company hopes the plant will allow it to ex­port 100,000 tonnes of rice a year, which would be a significant expan­sion; since its inception MAPCO has exported a total of 150,000 tonnes.

Rice exports suffered in 2016 as conflict near the border with China tempo­rarily shut down a major trading post and report­edly pushed up transport costs, while China en­forced a crackdown on il­legal imports.

 

Source: Myanmar Business Today
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