55th Myanmar Gems Emporium continues on seventh day

The seventh day of the 55th Myanmar Gems Emporium fetched 86.866 million euros through the sale of 818 jade lots yesterday. Over 4,000 local and foreign merchants attended the sale, and a total of 1,150 jade lots from lot numbers 2,301 to 3,450 at a floor price of 4,000 euros and above were put on […]

India’s policy change on pea imports impacts Myanmar

Severe restrictions announced recently by India limiting the amount of pea products from Myanmar has quickly and adversely affected the local pulses market, officials said yesterday. On Monday, India capped imports of mung beans and green mung beans (pigeon peas) at only 300,000 tons, after the prices of the pulses plummeted due to record production. […]

Jade sales at 54th Gem Emporium down due to poorer quality

The jade exhibition, which opened on August 2 at the Mani Yadana Jade Hall in Nay Pyi Taw, closed August 11 after raking in €518 million worth of gems sold through an open tender system. A total of 105 out of 326 gem lots were sold for €3.07 million, while 5,092 out of 6,561 jade […]

Thirty-four kinds of aquatic products granted duty free for export

Thirty-four kinds of aquatic products have been granted duty-free status to be exported to America by the Ministry of Commerce, according to a report in the Myawady Daily. Fish and shrimp are the most exported among aquatic products. The merchants need to be careful of the product quality, need to mention the proportion of ingredients […]