As demand improves, Yara Myanmar may consider setting up a fertiliser factory in the country over the longer term. Yara Myanmar will import nitrogen, phosphorus and potassium (NPK) fertiliser from Norway to help raise the quality of local crops and make Myanmar farmers less dependent on volatile changes in global food prices. The project is part of a wider initiative by Myanmar’s Ministry of Agriculture (MA) to increase rice production through improved farming practices that are more sustainable for farmers. The company established itself in the country in September 2017 once the government allowed foreign fertiliser firms to trade there. Yara has since invested $500,000 in training programs and may consider setting up a fertiliser factory in the country in the future.
Yara Myanmar will import nitrogen, phosphorus and potassium (NPK) fertiliser from Norway to help raise the quality of local crops and make Myanmar farmers less dependent on volatile changes in global food prices. The project is part of a wider initiative by Myanmar’s Ministry of Agriculture (MA) to increase rice production through improved farming practices that are more sustainable for farmers. The company established itself in the country in September 2017 once the government allowed foreign fertiliser firms to trade there. Yara has since invested $500,000 in training programs and may consider setting up a fertiliser factory in the country in the future.