Malaysian cooperative in talks to acquire Myanmar sugar, rice

A cooperative for former members of the Malaysian armed forces has expressed interest in acquiring sugar and rice from Myanmar, the Ministry of Commerce announced on March 19. According to the ministry’s statement, Koperasi Veteran Tentera Malaysia Berhad, a cooperative formed for the welfare of former Malaysian armed forces members, contacted the Myanmar embassy in […]

Sugar export licences to be suspended on lack of demand

The Ministry of Commerce (MOC) last month suspended 103 licenses to re-export sugar due to a lack of demand from China, said U Win Htay, deputy chair of the Myanmar Sugar and Sugarcane Related Products Merchant & Manufacturers Association. Out of 103 companies, 49 companies will have their trading registrations suspended for three months, while […]

Food processors push to allow sugar imports

Soaring sugar prices have prompted Mandalay food companies to appeal to the government for help. Myanmar Food Processors’ and Exporters’ Association (Mandalay) has asked the commerce ministry to allow the import of sugar, which has been blocked since the end of April. As world sugar prices have fallen, local prices have gone in the other […]