Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Thirty-four kinds of aquatic products granted duty free for export

Thirty-four kinds of aquatic products have been granted duty-free status to be exported to America by the Ministry of Commerce, according to a report in the Myawady Daily. Fish and shrimp are the most exported among aquatic products. The merchants need to be careful of the product quality, need to mention the proportion of ingredients […]

Myanmar Awaits Indian Response on Bean Deal

​​ The fate of a nearly million-tonne bean deal remains uncertain as the Myanmar government awaits a response from India to its proposal to sell the beans at the current market price. The Indian government said it wanted to pay a much lower price. The deal concerns the India government’s offer to buy 900,000 tonnes […]

Rakhine Farmers Caught Between Falling Prices and Rising Labour Costs

​​ Farmers associations in Rakhine State – one of the biggest rice producing regions in Myanmar – are calling for government aid amid falling prices, closing markets and a shrinking labour pool. But the state government says it does not have the funds or the expertise to help solve what it says is a nationwide […]

Trade GSP Can’t Make Profit for Myanmar in Short Term

Some 5000 goods from Myanmar have been granted classification under the United States Generalised System of Preferences export scheme, however this will not see a rapid turnaround in profits, say industry figures. The United States trade representative body announced on its official website that preferential tariffs under the Generalised System of Preferences scheme were to be […]

External trade value hit over US$15 billion

The value of external trade as of 28th October in this fiscal year 2016-2017 reached over US$- 15billion, very close to that of last fiscal year, according to statistics from the Ministry of Commerce. The trade value from 1st to 28th October in this fiscal year was US$15,067.626million, and in the same period last fiscal […]

Natural gas core of export activity,followed by garment sector

Natural gas comprises 45 per cent of the export sector, by far the biggest chunk of the market, it is learnt from an announcement released by the Customs Department.The second most exported category is the garment sector, at 17 per cent. The export of natural gas in the 2015-2016 fiscal year fetched over US$4.3billion, whereas […]

Commerce ministry allows re-export licensing for more commodities

The Ministry of Commerce will continue to issue licences for re-exporting because of the foreign market’s demand and the local production process. Over 20 categories of commodities are re-exported to other foreign countries after being locally reproduced at its origin. The main categories of re-export are sugar, fuel oil (diesel) and betel nut. Sugar exports […]

MCB hits upper limit on first day as YSX-listed firm

Trading on the Yangon Stock Exchange has tailed off in recent months, but Myanmar Citizens Bank’s (MCB) listing late last weekshowed there remains huge appetite for new sources of investment. Demand for shares in the lender – the first bank to list on the country’s new bourse – was around 10 times the volume offered. MCB […]

Aeon’s Myanmar bid highlights supermarket uncertainty

Japanese retail giant Aeon’s ambitions in Myanmar’s lucrative retail sector have highlighted uncertainty about what foreign firms are allowed to do as far as trading is concerned, with local industry heads calling for more clarity and a level playing field for domestic and international players. Aeon has provided most of the US$8.1 million in capital […]