Dry port discussions under way on China border

The Shan State government has approved the project, and has asked First Golden Dragon Company to secure consent from landowners, said Muse district administrator U Kyaw Kyaw Htun. The company hopes to build a 210-acre dry port including a highway bus station, space for trucks to load and unload, cold storage and new warehouses, he […]

China’s peanut appetite forces local oil mills to close

Around 90 percent of Myanmar’s oil mills have been forced to suspend business operations due to a chronic lack of peanuts. Throughout 2014 and 2015, Chinese traders have bought up most of Myanmar’s peanut yield, leaving the domestic market with little in the way of raw materials, said oil millers. Traditionally, Chinese buyers come to […]

Quality jade shortage hits trade

Jade traders are complaining of meagre profits and sluggish sales at Mandalay’s Maha Aung Myay jade centre. Polished gemstone prices have peaked and sales languish, while jewellery and bracelets are selling for less than expected, traders said. High-quality stone is rare, said trader Ko Soe Nyunt, adding that he is waiting for better times. “This […]

Muse rice traders hoping New Years brings better luck

Muse-based rice traders are hopeful that the Year of the Sheep will improve their fortunes. Rice exports to China have plummeted to almost nothing from peaks of 2000 tonnes a day following a series of raids conducted by Chinese customs on allegedly illegal rice importers on the Chinese side of the border. The Muse commodity […]

100K Jade Locket, Ruby Stones Stolen at Burma’s Gem Emporium

MANDALAY — Burmese gem traders are complaining about poor security at a major gemstone emporium in Burma’s capital after a necklace worth more than US$100,000 was apparently stolen and other precious stones went missing. A diamond-encrusted jade locket, worth more than 100 million kyats ($105,000) reportedly went missing earlier this month on the opening day […]