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 […]

Business, military, government seize land for rubber in Myanmar: rights group

BANGKOK (Thomson Reuters Foundation) – Businesses in Myanmar have colluded with military and government officials to seize vast tracts of farmland from ethnic minority villagers in the northeast, using much of the land for rubber plantations, a UK-based rights group said. Over the past decade, 5.3 million acres (2.1 million hectares) has been leased to […]

Can Coffee Replace Opium in Southern Shan State?

In the hills in southern Shan State surrounding Taunggyi, in Myanmar, up a tangle of roads barely passable in a Hilux, deep into an ocean of opium poppy fields barely clinging to the hillside, a few islands of other crops have sprung up. They are most prominently coffee and rubber – all part of a […]

Chinese buy up land close to mines in Kyain Seikgyi

Chinese buyers have been offering up to 30 times the going rate for plots of land in Kyain Seikgyi Township, southern Kayin State, according to local residents. The remote rural area in lower Myanmar is reportedly close to antimony deposits located between Tadaoo and Chaungwa villages, a lucrative metal used as a hardening alloy for […]

Rubber Exporters Eye Japan to Boost Exports

The Myanmar Rubber Planters and Manufacturers Association (MRPMA) says Japan is the next logical step in the export of Myanmar’s rubber and latex products. Amidst the falling price of rubber, gross national rubber exports are estimated to reach 100,000 tonnes by the end of this financial year. “We believe the European and global economic crisis, […]

Priority items chosen for National Export Strategy

In developing the country’s trade sector through an export-led growth model, six products and one service have been chosen as priorities for Myanmar’s National Export Strategy, according to the national consultant responsible for the strategy. “The priority export items have been chosen based on two criteria. One is its potential given the current trading situation, […]

Trade volumes likely to fall short of $25b goal

But bilateral trade is growing across the board as new trade partners around the globe are taking more interest in doing business with Myanmar Myanmar has only managed to meet 63 percent of its annual bilateral trade target of US$25 billion through the first months of the 2013-14 fiscal year, drawing doubts for the first […]

Myanmar sees 21% increase in export earnings

The Ministry of Commerce reported a 21 percent jump in the country’s export earnings between April and September 2013. Myanmar earned US$ 5.68 billion from exports, which is up from US$4.69 billion in the same period last year. Strong agricultural and industrial exports are among the key factors behind the surge in Myanmar’s earnings. The […]