Yangon chief ministers lay outs plan to improve fish farming

The government will cooperate with Myanmar Fisheries Federation (MFF) in reforming the current fish farming system in fishery sector, said Yangon Region chief minister Phyo Min Thein. He blamed little profit for results from conventional farming and called for better services in transporting fishery products through cold storage factories. The chief minister said the government […]

New technologies needed as prawn, shrimp exports dwindle

Myanmar shrimp and prawn exporters are facing a growing shortage of supplies due to the erosion of their natural habitats and unsuccessful breeding techniques, according to a report analysing exports to Japan supported by the Japan International Cooperation Agency (JICA). A lack of preservation of fishery resources in Myanmar has led to a decline in […]

Calls for Yangon Govt to Halt Rising Price of Fish and Poultry

Concerns have been raised in parliament over the rising cost of poultry and fish prices at the market. Speaking during a sitting of the Yangon Region parliament on October 12, U Han Htun, Yangon Region minister for agriculture, livestock, forestry and energy, said research was needed to understand the steep increases in market prices for […]

Influx of illicit Thai carp takes a bite out of Myanmar’s fishing industry

Yangon, June 29 – the influx of illicit carp into Myanmar from neighbouring Thailand is hurting domestic fish farming enterprises, according to the Myanmar Fisheries Federation (MFF). Approximately 6,000 viss (9,780 kgs) of carp arrives at Yangon’s central fish market everyday through unofficial channels via the Myanmar – Thai border town of Myawady. “We’ve been […]

Sturgeons to be exported to Asia, EU markets

STURGEON breeding in Myanmar will be expanded by over 50 per cent of its current capacity with a view to export sturgeons to Asian and European markets, said U Han Tun, the executive vice president of the Myanmar Fisheries Federation (MFF). Sturgeons are receiving higher demand from European and Asian countries. Sturgeons must mature for […]

Report highlights Myanmar’s aquaculture potential

A new report on Myanmar’s inland fish farms highlights a number of issues preventing the industry from reaching its potential, including land use regulations and a near-monopoly on feed. The study, carried out last year, was presented by the Centre for Economic and Social Development (CESD), Michigan State University (MSU), and the International Food Policy […]

Government restricts forex to banks

Exporters and importers must use banks for foreign currency transactions, according to new government regulations. The new rules would be another step toward a functioning interbank currency market, but bankers are doubtful they can be immediately enforced. The government amended its 2012 Foreign Exchange Management Law last week to prevent exporters from selling foreign currency. […]

Foreign Investment Soars to Record $8B in 2014-15

RANGOON — Foreign direct investment in Burma grew sharply during the 2014-2015 fiscal year and reached a record US$8 billion, a more than doubling of FDI compared to the year before, according to the Myanmar Investment Commission, which said the oil and gas sector was the main driver of growth. “We expected $4 or 5 […]

Fish producers face export fall

Fishery exports have failed to pick up so far this year after falling by more than expected last fiscal year, experts say. Poor weather, lack of equipment and shuttered fish farms led to a year-on-year decline of well over an expected US$100 million decline in exports. Consumer interest remains strong, but lower production has led […]

Exchange rate fluctuation smooth as USD falters

Moderate depreciation of the US dollar against Asian currencies over the past three months has resulted in marked improvements for the kyat, which has appreciated as much as 2.42 percent against the greenback since mid-February. According to official exchange rates in Yangon, the value of the kyat against the dollar has grown from K988 on […]