Myanmar affirms continuation of projects, resumption of business amid COVID-19

The newly formed State Administration Council met with members of Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) earlier this week, according to state media. During the meeting, Commander-in-Chief of Defence Services Senior General Min Aung Hlaing, who chairs the council, told businesses from the agriculture, livestock, construction, trade and manufacturing sectors […]

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 […]

China constitutes nearly 80% of Myanmar’s overall rice exports in current FY

Myanmar exported over 363,400 tonnes of rice worth US$138.8 million to China over the past two months of the current financial year 2020-2021, which accounts for 77.8 percent of overall rice exports, Myanmar Rice Federation’s data indicated. Over the past two months, Myanmar daily sent around 60,000 bags of rice to China. The export volume […]

Myanmar targets US$1B in marine exports for fiscal 2020-21

Myanmar expects to export up to US$1 billion worth of marine products in fiscal 2020-21 notwithstanding disruptions as a result of COVID-19, said U Wai Lin Maung, Director General of the Department of Fisheries under the Ministry of Agriculture, Livestock and Irrigation. This is around 17 percent higher than in fiscal 2019-20, when the country […]

Chinese firms get green light to begin contract farming in Northern Shan

Chinese firms will soon begin contract farming of maize and paddy rice in Lashio district, Northern Shan State, according to U Soe Nyunt Lwin, Shan State Minister for Planning and Finance. The firms will look to partner with Myanmar farmers to bolster maize and paddy rice production as a way to substitute for poppy production […]

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 […]

Myanmar citizens raise investments in the country despite pandemic

Despite COVID-19, Myanmar citizens’ investments across the regions and states for fiscal 2019-20 amounted to over K1.88 trillion, which is around K200 million higher than in the previous fiscal year, said U Thant Sin Lwin, Director General of the Directorate of Investment and Company and Administration (DICA). Approval was given to over 130 Myanmar businesses […]

Myanmar coffee market to expand through Singapore

Myanmar will expand its local highland coffee exports through Singapore in a bid to reach new markets, according to the Myanmar Coffee Association. “During the COVID-19 outbreak, local demand for coffee declined and some traders are trying to expand the market by selling overseas. We are connecting with new markets in the region through Singapore,” […]

Local demand for coffee hit, but exports still stable in Myanmar

Demand for coffee produced in Myanmar has declined in fiscal 2019-20 due to COVID-19 disruptions, said U Myint Swe, director from the Ministry o Agriculture, Livestock and Irrigation. “Even though stockpiles this year were sufficient, demand has fallen due to difficulties in logistics and shipping as well as the closure of businesses locally as a […]

Stronger kyat threatens exports, but presents import opportunities

Myanmar’s exports have come under pressure as a result of the weakening US dollar, which has made key exports such as rice more expensive in overseas markets, said U Soe Tun, a committee member of the Myanmar Rice Federation. While the weaker exchange rate has made prices more attractive to local farmers, falling demand from […]