Myanmar to Export Matpe to India, Import Soybean Meal from India to Establish Animal Feed Factory

PYAY – It has been learned that the interim government is striving to establish an animal feed factory by exporting Matpe to India and importing soybean meal from India through a joint venture between Myanmar and India in the Pyay Industrial Zone, Pyay Township, Ayeyarwaddy Region. It is said that this process will be jointly carried out by Myanmar's Green Rise Company and India's Super Power Company. It has been announced that the Black Matpe (SQ, FAQ) obtained by purchasing, grinding, and refining the raw Matpe produced in the Ayeyarwaddy Region will be sold directly to India in Indian Rupees through a payment system. Approximately 20,000 tons of Matpe from Myanmar per month, and about 200,000 tons per year, along with other regional products, will be exported from Pyay Port to Chennai Port in India. Soybean meal, which is necessary for animal feed, will be imported from India, and fish pellets will be produced and distributed to fish farms in the Ayeyarwaddy Region. Although it is stated that the initial investment for the project, the start of operations, and 50 percent of the export earnings will be used to re-import Indian products needed domestically, the initial investment has not been disclosed. Similarly, the interim government has announced that a Soybean Meal & Soybean Oil Extraction and Refinery plant will be constructed in the Pyay Industrial Zone, producing ready-to-eat soybean oil for domestic distribution and using soybean meal for animal feed, but specific operational processes have not been detailed. This project has emerged following the interim government leader Min Aung Hlaing's five-day visit to India in the past few days, during which he stated that efforts would be made to develop bilateral investment and trade businesses. Throughout the period of military rule, there have been frequent mentions of cultivating sunflowers, oil crops, coffee, and cotton, and now Matpe exports and the establishment of a soybean oil extraction plant have come about. Earlier this year, the US Embassy announced that Myanmar had signed an agreement to purchase soybean meal from the United States, but trade conditions have not yet been released. Currently, as the interim government has reduced palm oil imports to decrease the need for dollars, the price of palm oil has surged among the general public, and the prices of animal feed have also increased. Photo – Social Media