Old rice prices stable despite decline in export price of rice to China

The prices of old rice are still stable despite a decline in export prices of rice to China. Prices of low-quality rice in Mandalay market is on the decline because of China’s low demand for low-quality rice and Chinese Yuan depreciation, said U Thein Zaw, the chairman of Mandalay Rice Depot. Myanmar’s low quality rice […]

Some companies join bid to resume jade mining

About 80 companies are preparing to resume their jade mining business in Phakant, according to the Ministry of Mines. Mining at jade blocks in Phakant were suspended for two years due to the armed conflict, but the government said the mining business would resume by September 1. “We have received 80 applications, including from joint […]