New Myanmar economic recovery and reform plan to include agriculture improvements

The government is drafting plans to reform the agriculture sector in line with the Myanmar Economic Recovery and Reform Plan (MERRP), which is now being drafted, according to the Ministry of Agriculture, Livestock and Irrigation (MOALI) in a November 18 statement.While the plan has yet to be finalised and made official, MOALI understands it includes […]

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 […]

Trade deficit hit US$1.4 billion in past three months

Myanmar’s trade deficit reached US$1.4 billion in the past three months, according to the Commerce Ministry. External trade from 1 April to 30 June this was an estimated $7.7 billion. Exports were worth $3.2 billion and imports were $4.6 billion. Myanmar’s export market includes extractives including minerals, natural gas, agriculture and fisheries products. Agribusiness plays […]

Myanmar border trade up by $500m

Trade at Myanmar’s border posts as of mid-November showed a 14% rise over last year despite a fall in trade at some locations due to armed conflict or natural disaster, according to the Commerce Ministry statistics. Total trade at the 15 border stations stands at more than US$4 billion, $500 million more than at this […]

Myanmar gets US$350m from seafood export

Myanmar has earned more than US$350 million from over 200,000 tons of fisheries products exported in the past eight months of this fiscal year (2013-14), according to Ministry of Livestock, Fisheries and Rural Development. The country expected to earn US$ 440 million this year from the seafood export through the normal trade routes. And it […]