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Myanmar rice exports face backlash in African market

The Myanmar Rice Federation (MRF) guaranteed the quality of Myanmar-produced rice after the Ivory Coast last week said it had destroyed over 18,000 tonnes of rice originating from Myanmar, deeming the produce unfit for human consumption. Three Myanmar companies had sold over 20,000 tonnes of rice to Singapore-headquartered Olam International Co Ltd. The cargo left […]

More investments needed for expansion in food-processing industry

The Myanmar processed food industry needs more investment support in order to develop further, U Aye Win, chair of the Myanmar Food Processors and Exporters Association, told The Myanmar Times. Currently, Myanmar processes basic raw commodities such as rice, beans, maize and other agricultural products. Excess products are exported. However, the country also imports value-added […]

Trade deficit continues to narrow as exports accelerate

The trade deficit for the first four months of the 2018-19 fiscal year, which starts in October and ends in September, has declined with imports increasing at a slower pace compared to the same period of last fiscal year. According to data provided by the Ministry of Commerce, trade volume for the period up to […]

On the trajectory to seed exports

The demand for seeds is rising in Myanmar as farmers have switched to hybrid seeds which can give higher yields compared with traditional seeds. Now, Myanmar needs to boost production of quality seeds to cater to local demand and to become a seed exporting country. To get higher yields and incomes, our farmers need access […]

Myanmar aims to increase trade with South Korea

Myanmar will raise efforts to boost trade with the Republic of Korea, said U Aung Soe, Permanent Secretary of the Ministry of Commerce (MOC) during an event to promote local agriculture exports to South Korea on February 16. The event was hosted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) […]

India maintains curbs on bean imports

India’s Ministry of Commerce and Industry informed Myanmar last week that it is maintaining a ban on imports of beans. Myanmar’s Office of the Commissioner of Customs was informed last Thursday that the imports of peas (yellow peas, green peas, dun peas and Kaspa peas) and pulses (black matpe, toor dal) from Myanmar were to […]

Sino-Myanmar border trade falls by $562 mln in Q1

The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]

Frustrated Farmers Give Melons Away as Border Checkpoint Remains Shut

MANDALAY—Melon growers gave away around 50 tons of watermelons in Sagaing Region’s Monywa on Monday in a protest against the closure of a key border checkpoint for fruit exports in the Muse border trade zone on the Myanmar-China border. Melon and cantaloupe growers from Butalin Township organized the protest, one of its leaders, Ko Thitsar, […]

Fisheries ministry needed for sector development and better exports

The Myanmar livestock and fisheries sectors have not lived up to their potential under the remit of the Ministry of Agriculture, Livestock and Irrigation and needs to be a separate ministry in order to fully grow and develop, said U Zaw Aye Maung, Rakhine ethnic minister in Yangon Regional Government. “In the past, livestock and […]

Ministry of Commerce Eyeing Mango Exports to the EU

European market, which receives 40 percent of the world’s mango exports, are interested to importing mangos from Myanmar. Therefore, the Ministry of Commerce and local traders are working to export mangos to the E.U. on a large scale. Sein Ta Lone mangos from Myat Yadanar Mango Plantation in Southern Shan State were exported to Munich, […]