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China’s sugar ban to be lifted or eased

There could be a sliver of light at the end of the tunnel for businesses involved in the sugar industry as a Chinese team will be in Myanmar to inspect sugar quality and the mills in a prelude to a resumption of sugar sales to China. Myanmar Sugar and Sugar Related Products Merchants and Manufacturers’ […]

Aquaculture exports limited by lack of test labs

The lack of proper laboratory facilities is limiting exports of aquaculture products to the European Union (EU). Aquaculture exports to the EU make up 8 percent of total fisheries exports, with the main consumers being migrant workers in the 28-member EU. Myanmar Fishery Federation vice-chair Daw Toe Nanda Tin said the lack of proper laboratory […]

Centre set to help improve productivity in Myanmar

Myanmar’s plans to raise economic productivity through improving human capital development will now be backed by the Myanmar Productivity Centre (MPC), an agency that aims to help the economy move up the value chain. The MPC was launched on June 22 with the support of the Ministry of Industry (MOI), Union of Myanmar Federation of […]

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 […]