Stability of pulses market sought after India policy

Following India’s Restricted Pulse Import Policy, a co-ordination meeting on plans for Myanmar’s pulses exports in respective sectors was held at the Ministry of Commerce in Nay Pyi Taw yesterday morning. India’s Ministry of Commerce and Industry recently issued an import policy change to import only 200,000 tons of toor whole on 5 August, and […]

Myanmar Foreign Trade Volume at US$23.5billion as of 10 Feb 2017

​​ Foreign trade volume is over US$23.5billion,  US$61million more compared to the same period of last year, according to the Ministry of Commerce. Up to February 10, Myanmar received more than US$23.5billion from foreign trade, of which US$17.3billion came from overseas trade and more than US$6.1billion from border trade. In the export sector, overseas trade […]

Myanmar to Discuss Rice Exports With Sri Lanka

​​ Sri Lanka has expressed interest in a formal arrangement to import 50,000 tonnes of rice from Myanmar, according to Ministry of Commerce assistant secretary U Khin Maung Lwin. The Sri Lankan ambassador to Myanmar, KWND Karunaratne, made the offer on January 23 during a visit to the Union Minister for Commerce U Than Myint, […]

Indian Companies Mulling Purchase of Myanmar’s Peas

Indian companies which have won the tender are considering purchase of Myanmar’s peas, resulting in a decrease in the price, said U Min Ko Oo, the secretary of Myanmar Pulses, Beans and Sesame Seeds Merchant Association. India’s government has been intervening in controlling the pea price since August. Additionally, pea tenders are divided into 5,000 […]

Commerce minister to boost trade and target smuggling

The Union Minister for Commerce aims to triple the value of trade within his five-year term and will focus on promoting exports to help reduce the country’s widening trade deficit, as well as tackling smuggling networks to formalise illegal trade. U Than Myint made the comments during a meeting with traders in Yangon, in which […]