China sucks in Myanmar sugar

High demand from China is boosting Myanmar’s sugar exports, as world prices for the sweetener also increase on the back of forecasts of a global production deficit over the next two years. Traders estimate about 100 trucks a day are crossing the Myanmar-China border carrying sugar. So lucrative is the business becoming that even rice […]

Gold traders fret opaque exchange rate

Mandalay gold dealers are seeing their business complicated by the difficulty determining the daily kyat-dollar exchange rate, with dealers working to avoid too much volatility in price. While dealers had previously been able to simply ask money changers for the kyat-dollar rate each day, many dealers have been reluctant to do so since the unofficial […]