fbpx

Exports of fisheries products slow to a crawl

Exports of Myanmar’s fisheries products to other countries have nearly stopped since the COVID-19 pandemic started and factories processing frozen fisheries products are now facing difficulties keeping their operations running, industry officials say. “Currently, buyers have almost stopped placing orders. Moreover, demand has declined in many countries. Also, the signing of new export agreements has […]

Corn wholesale centres to be set up near Thai border

Corn traders will be collaborating to set up collection centres in Myawaddy, Kayin State, near the Thai border to facilitate exports of the crop, say industry officials. The collection centres, expected to be up and running within the next few months, are expected to help boost sales of corn to Thailand, said U Min Khine, […]

Myanmar MPs Vote to Regulate, Tax Chinese-Backed Banana Trade

NAYPYITAW – The Upper House of Myanmar’s Parliament on Monday approved a proposal to regulate China-backed banana plantations and levy a tax on the industry. Earlier this month, parliamentarian Dr. Khun Win Thaung of Kachin State submitted the proposal to the Upper House, saying tissue-culture banana plantations operated by Chinese companies are threatening the community’s […]

Meat industry urged to modernise to counter swine fever

Myanmar needs to modernise its meat industry to counter the spread of African swine fever (ASF), insiders who attended conferences organised last week by the International Finance Corporation (IFC) agreed. Besides addressing the imminent threat ASF posed to the country, the modernisation of the sector can further bring about higher production and exports, which would […]

Myanmar’s rubber exports exceed target for 2018-19

YANGON, Sept. 15 (Xinhua) — Myanmar exported 192,980 tons of rubber worth of 247.56 million U.S. dollars in the first 11 months from October to August of the present fiscal year 2018-19 , exceeding the targeted of 170,000 tons, according to the figures of the Ministry of Commerce on Sunday. The rubber exports increased by […]

Myanmar on path to meet $10-bn garment export target: MGEA

Myanmar’s garment sector is on track to meet a target of $10 billion in exports, according to the Myanmar Garment Entrepreneurs Association (MGEA), which had laid out the target and a goal to create one million jobs under the Myanmar Garment Industry Strategic Plan 2014-2024. Export figures rose from $800 million in 2015-16 to over […]

Traders call for higher trade volumes with Thailand as deal ends

A special agreement for Myanmar to export maize to Thailand has ended, the government announced recently. The deal was initially signed last year after China imposed restrictions on its imports of maize. In search of new markets for its maize, Myanmar negotiated a deal with Thailand. “The timeframe for the exports of Myanmar maize to […]

Association proposes plan to set up Tamu economic zone

Tamu Merchants Association has submitted a plan to establish an economic zone in Tamu, Sagaing Region near the Myanmar-India, said its chair Hla Maung. It was proposed at the 29th monthly regular meeting between the private sector development committee and local entrepreneurs, on August 24. “Now the Indian government is upgrading Kalewa-Yargyi-Monywa road. It is […]

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 […]