Exporters urgently need COVID-free certificates to ship fisheries products to China via land borders: MFF reports

The COVID-19 free certificate, essential for fishery exports to China, must be issued at the soonest as it can cause disturbance on trading, said general secretary U Win Kyaing of Myanmar Fisheries Federation (MFF). China authorities have given the go-ahead for fishery exports only with the presence of COVID-19 free certificate on products since last […]

Forex brokers in Myanmar benefit from stable kyat

The Myanmar kyat has been stable between K1300 – 1325 per US dollar for the last three months. This has helped forex brokers make profits in the local currency market. The current price of the local currency has touched 2016 levels, and is at its strongest levels against the US dollar since 2018. A stable […]

Myanmar exporters concerned over falling dollar rate

Traders are concerned about international demand and export revenues in Myanmar, which have taken a hit as a result of lower demand and a weaker dollar exchange rate. The Central Bank of Myanmar’s (CBM) reference exchange rate was set at K1287.4 per dollar on November 3, its lowest level in two years. “The dollar price […]

Myanmar’s new barcode expected to help exporters

Myanmar launched the GS1 Myanmar barcode, an internationally recognised standard that is expected to facilitate exports, at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) last Saturday. The GS1 barcode system helps businesses find out information about the product quickly and accurately, reduce damage, and control distribution. It is also helps […]

What is single origin coffee and why you just know about the Shan State Kyauk Kuu Pyin

In the world of scotch whisky, the term “single malt” has a very special meaning, one that is often revered (perhaps to a fault) by both those in and out of the know. For better or for worse, the term has become synonymous with quality. The reverence attached to it is sort of silly; there […]

Flower crab exports declined by half this year

Despite the continued high demand for flower crab from Thailand, this year’s export volume of the blue crabs has declined by half compared to the same period last year, exporters say. “The price of flower crabs produced from Kyaukpru, a major town in Rakhine State, is increasing due to Thailand’s growing demand. However, it is […]

Tariff Bill Expected to Create Export Exemptions

Manufacturing companies will be able to deduct taxes for material imports and manufacturing operations from their export tariffs if a bill to update the Tariff Law for 2015-16 fiscal year passes. The tax credit for exports is aimed at promoting value-added processes and the export production capacity, U Zay Ya Si Thu, deputy director of […]

Melon market bounces back

Seesawing melon prices are on the up again, thanks to a combination of falling production and rising demand in advance of the Chinese New Year. Honeydew prices are expected to climb to 5.5 yuan (US$0.88) per kilogram, up from a low of 1 yuan at the beginning of the year, say officials from the Myanmar […]

Maritime spat to aid rice exporters

Growing tensions in the South China Sea in recent months is leading China to shun Vietnam for its rice imports, opening the door for Myanmar exporters, according to traders. Much of Myanmar’s official exports currently go to African countries, but with Thai exporters dropping prices in those markets since the May 22 coup, Myanmar exporters […]