Beans and Pulse Association Weighs on Trader Dispute

Based on request from a local company, Myanmar Pulses, Beans and Sesame Seeds Merchants Association will solve the financial issue between merchants and the company. The pulse trading firm, Thein Than Company, asked help from the association a month ago to judge the financial issue. “We are checking the financial statement of both sides and […]

Indian Companies Mulling Purchase of Myanmar’s Peas

Indian companies which have won the tender are considering purchase of Myanmar’s peas, resulting in a decrease in the price, said U Min Ko Oo, the secretary of Myanmar Pulses, Beans and Sesame Seeds Merchant Association. India’s government has been intervening in controlling the pea price since August. Additionally, pea tenders are divided into 5,000 […]

After effects of El Nino hit Myanmar’s green bean export industry

Yangon, July 6 – a fall in quality of green beans exported from Myanmar to countries within the European Union has subsequently seen the price of green beans also decline so far this 2016-17 fiscal year. The beans, which fell in quality induced by the infamous El Nino weather front, are selling this fiscal year […]

World Bank – Analysis Of Farm Production Economics in Myanmar

EXECUTIVE SUMMARY MYANMAR: ANALYSIS OF FARM PRODUCTION ECONOMICS This report was prepared by the World Bank in partnership with the Livelihoods and Food Security Multi-Donor Trust Fund (LIFT). Both the World Bank and the LIFT are actively involved in supporting Myanmar’s agriculture sector given its significance in poverty reduction and food security, and they both […]

India to resume buying rice from Myanmar: traders

YANGON, Sept. 8 (Xinhua) — India will resume buying rice from Myanmar after suspension for three years, offering to import 500, 000 tons of rice from the Southeast Asian country, said a Myanmar rice traders organization Monday. Prices for the rice deal are under negotiation, said the Myanmar Rice Federation, adding that India’s offer to […]

Export of beans and pulses rising

Myanmar’s exports of beans and pulses have risen slightly so far this fiscal year, up US$10 million in value to $380 million, according to the commerce ministry. Exports of beans and pulses have totalled 500,669 tonnes from April 1 to August 8, preliminary data shows. The fiscal year runs from April to March. About four-fifths […]

Exports face huge hurdles

The problems of a beans and pulses export company last month lay bare the challenges potential exporters must overcome to gain significant international market share. Merchants in Yangon’s Bayinnaung bean market were accused of selling large amounts of beans and pulses to Indian buyers without actually having the product. When bean prices unexpectedly shot up, […]

Priority items chosen for National Export Strategy

In developing the country’s trade sector through an export-led growth model, six products and one service have been chosen as priorities for Myanmar’s National Export Strategy, according to the national consultant responsible for the strategy. “The priority export items have been chosen based on two criteria. One is its potential given the current trading situation, […]

Trade volumes likely to fall short of $25b goal

But bilateral trade is growing across the board as new trade partners around the globe are taking more interest in doing business with Myanmar Myanmar has only managed to meet 63 percent of its annual bilateral trade target of US$25 billion through the first months of the 2013-14 fiscal year, drawing doubts for the first […]

Myanmar’s trade volume nearly hit US$16bn

Myanmar’s total trade volume has nearly hit US$16 billion in the first nine months of fiscal year 2013-14, according to the Ministry of Commerce. The trade volume reached US$15.92 billion between April 1 and December 6, which is US$3.65 billion up from the same period last year. The government has targeted US$25 billion for the […]