Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Invest Myanmar - The Myanmar Investment Gateway
General Information about Myanmar (1)
Business (131)
FDI in Myanmar (45)
Investments (59)
Macroeconomic Data (4)
Infrastructure (4)
Financial (17)
Economy (37)
Construction (1)
Politics (29)
Real Estate (1)
Investment Legislation (3)
Sports (1)
Telecommunications (27)
Law (14)
Infrastructure (20)
Education (2)
Banking (19)
Jewellery (1)
Stock Market (2)
Agriculture (35)
Real Estate (22)
Mining and Exploration (10)
Construction (29)
Energy (47)
Textile and Fashion (10)
Tourism (23)
Information Technology (11)
Food and Beverage (13)
Electronics (3)
Waste Management (1)
Automotive (9)
Logistics (4)
Renewable Energy (0)

Indonesia looking at Myanmar's fertilizer market for expansion

Date: 19/08/2013
Source: MENAFN
Indonesia looking at Myanmar's fertilizer market for expansion

Indonesia, a leading fertilizer exporter, is encouraging its fertilizer manufacturers to expand into the Myanmar market, an official said.

"Indonesia's agriculture-related industry has rapidly advanced and it's time for us to look for a better market out there" Deputy Agriculture Minister Rusman Heriawan said.

"Our neighboring country Myanmar has a promising market as they have millions of hectares of rice fields and good quality water for irrigation, with low yields due to poor fertilization."

Myanmar, formerly called Burma, has millions of acres of rice fields with low yields, the Jakarta Post reported Wednesday.

The minister said Myanmar has an average rice yield of up to 2.5 tons per hectare (about 2.5 acres), compared to Indonesia's rice output of up to 8 tons per hectare.

Industry estimates say Myanmar, with a population of about 62 million, has a total of 12.6 million hectares (31.5 million acres) of land under rice cultivation.

Indonesia exported 549.4 million worth of fertilizers to 20 countries, including the United States and Australia, last year, up sharply from 433 million in 2011, official data showed.

Rusman said state-owned fertilizer company PT Pupuk Indonesia Holding Company (PIHC), through its subsidiaries PT Pupuk Sriwijaya and PT Pupuk Kujang, were surveying the market in Myanmar and expect to secure a contract after one planting period for approximately three months, the Post said.

"Should things go well, we want our state-owned companies to not only sell fertilizer but also manage their own plots of land in that country," he said.

Topic: FDI in Myanmar
Did You Know?
The voltage throughout Myanmar is 220-230 Volts AC. Most of the international class hotels in Yangon have their own generators. However in other places, voltage varies greatly and power often goes out. Valuable or... ... More

Featured news story
Burma Business Roundup (Sept. 7)
Burma Business Roundup (Sept. 7)

Featured Video
In Race to Develop Myanmar, Government Grabs Farmland - Invest video
In Race to Develop Myanmar, Government Grabs Farmland

GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
 © Copyrighted 2012 Invest All rights reserved.  

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Crafted by Sofia Web Works®, makers of Pahraat Kasinot and Casinobonus på alla svenska online casinon an Invest Bulgaria company