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Korean firms flock to ‘Asia’s last frontier’ Myanmar

In line with President Moon Jae-in’s tour of Southeast Asia this week, South Korean business leaders and ranking officials visited Myanmar, the reclusive country bordering China — that is opening up now. Several of them chose to visit Myanmar exclusively –- from Tuesday to Thursday — skipping Moon’s other destinations such as Thailand and Laos. […]

Traders on losing end, will need time to get used to barter trade deal

Myanmar businesses who participate in barter trading with China will have to find buyers for the goods they get in exchange and this system of trade may take some time to get used to. Myanmar Rice Federation central executive committee member U Soe Tun said it would be more convenient for Myanmar businesses to receive […]

Govt allows foreign companies to export rice, other commodities

The Ministry of Commerce (MOC) will now allow foreign and joint venture companies to export specific food and commodity items, according to Notification 24/2019 released on June 6. Foreign companies with recommendations from relevant ministries can buy the commodities from local producers will be issued licenses to export the goods. The aim is to raise […]

China to import US$500m of Myanmar rice this year: minister

The value of rice Kunming will import from Myanmar this year is expected to reach US$500 million this year through a barter arrangement, deputy commerce minister U Aung Htoo claimed. A memorandum of understanding was signed between the two countries for bartering goods recently. “According to report sent from Kunming roughly that they would buy […]

From beans to gooseberry, rice-mad Myanmar eyes healthier diet

Opening the lid of her rice cooker, a luxury bought when power finally came to their village in central Myanmar three years ago, Tin Aye scooped out two fat ladles for breakfast. “I cannot go without eating rice. Since the start of the day, all my stomach asks for is rice,” said the 52-year-old mother […]

Rice-mad Myanmar eyes diversification of crops

Opening the lid of her rice cooker, a luxury bought when power finally came to their village in central Myanmar three years ago, Tin Aye scooped out two fat ladles for breakfast. “I cannot go without eating rice. Since the start of the day, all my stomach asks for is rice,” said the 52-year-old mother […]

Myanmar rice exports face backlash in African market

The Myanmar Rice Federation (MRF) guaranteed the quality of Myanmar-produced rice after the Ivory Coast last week said it had destroyed over 18,000 tonnes of rice originating from Myanmar, deeming the produce unfit for human consumption. Three Myanmar companies had sold over 20,000 tonnes of rice to Singapore-headquartered Olam International Co Ltd. The cargo left […]

MoU on rice exports signed with Yunnan Province government

The Ministry of Commerce (MOC) and government of Yunnan Province, China, signed a memorandum of understanding on the export of Myanmar rice and other crops to China on April 21. Under the agreement, Myanmar will be able to legally export crops such as rice as well as fisheries to China via the Muse border trade […]

Floor price set for rice as demand plummets

The price per pack of long grain rice has been set at a floor of K19,500, said U Aung Than Oo , president of Myanmar Rice and Paddy Traders’ Association. Traders arrived at the decision on Monday. Prices dived to around K19,000 per pack after the EU in January reinstated tariffs on rice imports from […]

Merchants request AQSIQ certificates for exports to China

A request has been submitted to the government to arrange for General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ) registration for agricultural, livestock, marine and industrial products exported to China as soon as possible, according to U Ko Ko Gyi, member of the border trade promotion working committee […]