Rice and broken rice export hit 1.2million tonnes

The export volume of rice and broken rice hit 1.2 million tonnes as of the third week of January. Over 400,000 tonnes of rice and broken rice worth US$120million were exported through normal trade, whereas about 800,000 tonnes of rice and broken rice worth US$256million were exported via border trade camps, according to the figures […]

Through reclusive Wa, China’s reach extends into Suu Kyi’s Myanmar

China is extending its sway over an autonomous enclave run by Myanmar’s most powerful ethnic armed group, sources in the region told Reuters, bolstering Beijing’s role in the peace process that is the signature policy of Aung San Suu Kyi. The “foreign policy” of the self-proclaimed Wa State is closely monitored by Beijing, senior officials […]

Rubber price on the rise with demand from abroad

With increasing demand from abroad, the price of rubber is on the rise at Ks1,000 to Ks1,010 per pound, Mon State rubber entrepreneurs said. The price of Ribbed Smoked Sheet Type 3 (RSS- 3) rubber was between Ks800 and Ks850 per pound last month. The current rubber price has risen up to Ks1,010 per pound. […]

Myanmar rubber price hits record high

With the global rubber price rising, Myanmar’s rubber price hit a one-and-a-half-year record high of Ks1,000 per pound, according to the Myanmar Rubber Planters and Producers Association. Myanmar’s rubber RSS3 fetched about Ks800 per pound in early November. The Myanmar rubber price is positively related to that of global rubber. The prevailing rubber price hit […]

Rubber market sales stable despite high price

The export market of rubber is stable in spite of the current high price, which resulted from the rise in the global rubber price, businessmen said. Over 80 per cent of rubber production in Myanmar is slated for export to China. Local rubber consumption is below 10 per cent. However, the rubber demand in the […]

Rubber market back to normal in northern Shan State from the rise of Chinese Yuan

The rubber market has been brought back to normal in Northern Shan State, resulting from a rise in the price of the Chinese Yuan, it is learnt. The price of rubber remained unchanged in 2015 and 2016 at 9,000 Chinese Yuan (CHY). The merchants stored the rubber in September watching the CHY exchange rate. The […]

Cement import license seekers found the highest in Myitkhina, Kachin State

Out of export and import license seekers through border areas, the number of cement import license seekers is found to be the highest in Myitkyina, Kachin State. The cement licensees are the highest there because there are not many license seekers in Myitkyina, said U Htein Lin, the assistant director from Myitkyina import and export […]

Rubber and seed opened to foreign investors

Myanmar Investment Commission has chipped away at the list of enterprises in which foreign investors must form joint ventures with a local company – opening up the areas of seed and rubber production. The production and distribution of hybrid seeds, production and propagation of high-yield and local seeds, and the manufacturing of rubber and rubber products, […]

Poor Rubber Quality Hurting Exports: Association Secretary

Myanmar rubber is not good enough to export, even as growers complain that the price of $300-400 per tonne is unfairly low, according to U Khaing Myint, secretary of Myanmar Rubber Planters and Producers’ Association. Because of growing demand in the global rubber commodity market, rubber can be sold at standardised prices, but these can […]

Myanmar to Work toward Higher Quality Rubber Exports

As rubber is a potential export with a high economic potential, it has been included in a list of export preferences, and will be subject to quality inspections and certification, according to an official from the Ministry of Economics and Trade. A lab has been built in Hlegu township in Yangon to test and control […]