Myanmar expects to export up to US$1 billion worth of marine products in fiscal 2020-21 notwithstanding disruptions as a result of COVID-19, said U Wai Lin Maung, Director General of the Department of Fisheries under the Ministry of Agriculture, Livestock and Irrigation. This is around 17 percent higher than in fiscal 2019-20, when the country […]
Fishery exports targeted over $1 bln in current FY: MFF reports
December 1, 2020 by
Myanmar Fisheries Federation (MFF) targets to earn over US$1 billion from fisheries exports in the current financial year started from 1 October 2020, said General Secretary U Win Kyaing from MFF. Myanmar sends fish and fishery products to external market through air and sea routes as well as land borders. Myanmar exported 670,000 tonnes of […]
Strategy needed to ensure smooth flow of perishable crops in Myanmar
November 24, 2020 by
Myanmar should smoothen the flow of crops from farms to domestic users as well as to the country’s ports and border trade points as COVID-19 continues to wreak uncertainty in the market, said Minister of Commerce U Than Myint.“Due to the recurring restrictions from COVID-19, we can expect disruptions in the supply of crops to […]
New Myanmar economic recovery and reform plan to include agriculture improvements
November 24, 2020 by
The government is drafting plans to reform the agriculture sector in line with the Myanmar Economic Recovery and Reform Plan (MERRP), which is now being drafted, according to the Ministry of Agriculture, Livestock and Irrigation (MOALI) in a November 18 statement.While the plan has yet to be finalised and made official, MOALI understands it includes […]
CMP garment exports rise last FY despite COVID crisis
November 20, 2020 by
<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> Myanmar’s garment export sector, which constitutes over 20 per cent of overall export value, stepped up amid the coronavirus impacts. Exports of garments manufactured under the cut-make-pack (CMP) system were valued US$4.798 billion in the last financial year 2019-2020, according to the data from the Ministry of […]
Insiders urge govt to expand garment making value chain as exports decline in Myanmar
November 3, 2020 by
Myanmar is raising efforts to draw factories that produce raw materials for the garment manufacturers such as buttons and thread to invest in Myanmar, said U Aye Thaung, , chair of the Shwe Lin Pan Industrial Zone. Currently, garment manufacturing in Myanmar is carried out in a cut-make-pack style, where fabrics and accessories are imported […]
Stronger kyat threatens exports, but presents import opportunities
October 9, 2020 by
Myanmar’s exports have come under pressure as a result of the weakening US dollar, which has made key exports such as rice more expensive in overseas markets, said U Soe Tun, a committee member of the Myanmar Rice Federation. While the weaker exchange rate has made prices more attractive to local farmers, falling demand from […]
Exports of fisheries products slow to a crawl
April 23, 2020 by
Exports of Myanmar’s fisheries products to other countries have nearly stopped since the COVID-19 pandemic started and factories processing frozen fisheries products are now facing difficulties keeping their operations running, industry officials say. “Currently, buyers have almost stopped placing orders. Moreover, demand has declined in many countries. Also, the signing of new export agreements has […]
Corn wholesale centres to be set up near Thai border
March 11, 2020 by
Corn traders will be collaborating to set up collection centres in Myawaddy, Kayin State, near the Thai border to facilitate exports of the crop, say industry officials. The collection centres, expected to be up and running within the next few months, are expected to help boost sales of corn to Thailand, said U Min Khine, […]
Myanmar MPs Vote to Regulate, Tax Chinese-Backed Banana Trade
December 18, 2019 by
NAYPYITAW – The Upper House of Myanmar’s Parliament on Monday approved a proposal to regulate China-backed banana plantations and levy a tax on the industry. Earlier this month, parliamentarian Dr. Khun Win Thaung of Kachin State submitted the proposal to the Upper House, saying tissue-culture banana plantations operated by Chinese companies are threatening the community’s […]
