World Bank – Analysis Of Farm Production Economics in Myanmar

EXECUTIVE SUMMARY MYANMAR: ANALYSIS OF FARM PRODUCTION ECONOMICS This report was prepared by the World Bank in partnership with the Livelihoods and Food Security Multi-Donor Trust Fund (LIFT). Both the World Bank and the LIFT are actively involved in supporting Myanmar’s agriculture sector given its significance in poverty reduction and food security, and they both […]

Container service to Yangon from Sept. 4

In yet another major development to make Visakhapatnam a container hub, Herbilan Shipping Pvt. Ltd, one of the leading players in shipping, will launch a feeder service connecting Visakhapatnam Port to Yangon in Myanmar from September 4. The new service will be launched from Colombo to Yangon via Visakhapatnam and back. It will be a […]

India to resume buying rice from Myanmar: traders

YANGON, Sept. 8 (Xinhua) — India will resume buying rice from Myanmar after suspension for three years, offering to import 500, 000 tons of rice from the Southeast Asian country, said a Myanmar rice traders organization Monday. Prices for the rice deal are under negotiation, said the Myanmar Rice Federation, adding that India’s offer to […]

Export of beans and pulses rising

Myanmar’s exports of beans and pulses have risen slightly so far this fiscal year, up US$10 million in value to $380 million, according to the commerce ministry. Exports of beans and pulses have totalled 500,669 tonnes from April 1 to August 8, preliminary data shows. The fiscal year runs from April to March. About four-fifths […]

Exports face huge hurdles

The problems of a beans and pulses export company last month lay bare the challenges potential exporters must overcome to gain significant international market share. Merchants in Yangon’s Bayinnaung bean market were accused of selling large amounts of beans and pulses to Indian buyers without actually having the product. When bean prices unexpectedly shot up, […]

Bean traders involved in credit scandal

Businesses trading in beans and pulses have been asked by the Ministry of Commerce to submit their credit and debit lists by May 6 following a scandal involving billions of Kyats, according to an arbitration committee. The scandal has involved merchants from Bayinaung bean market in Yangon Region who sold large amounts of beans and […]

Taking the Pulse of Myanmar’s Bean Business

Each morning the floor of the Bayintnaung commodity exchange center in northern Rangoon is jammed with traders and middlemen and buyers looking for the latest prices and deals for some of Burma’s agricultural produce. Famously Burma was once the world’s biggest rice exporter, a position long-lost due to the decades of economic mismanagement under the […]