BANGKOK: Opium poppy production in Myanmar ramped up dramatically following the 2021 military coup, the UN's drugs office said Thursday, as political and economic turmoil drove farmers to cultivate the crop. Read more:
BANGKOK: Opium poppy production in Myanmar ramped up dramatically following the 2021 military coup, the UN's drugs office said Thursday, as political and economic turmoil drove farmers to cultivate the crop.The country's economy has been paralyzed following the military power grab in February 2021 and subsequent fighting between the junta and anti-coup rebels.
Economic hit The UNODC estimates Myanmar's opium economy is worth around $2 billion — the equivalent of up to three percent of the country's GDP in 2021.Despite the spike in production, farm gate prices for opium have also soared to around $280 a kilo, the report said — a 69 percent rise on the previous year.This compares with a farm gate price of around $203 in Afghanistan, the world's leading opium producer.
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