Hlegu rubber lab to issue certificates when COVID restrictions eased

Myanmar Natural Rubber Quality Testing Lab in Hlegu will issue certificates when the government eases coronavirus restrictions. It depends on the pandemic situation, said U Khaing Myint, Myanmar Rubber Planters and Producers Association (MRPPA) secretary. At present, the pandemic stopped the operation of the lab. Under stay-at-home guidelines, we cannot do anything but instead stay […]

Value of fisheries export slumps by $20 mln in past two months

The value of Myanmar’s fisheries exports in the past two months dropped by US$20.7 million compared with a year-ago period on account of the border trade restrictions by the neighboring countries China and Thailand amid the COVID-19 crisis. Myanmar exported $146.849 million worth of fishery products to the external market between 1 October and 27 […]

Myanmar imports over $1 bln worth iron/steel materials last FY

The value of Myanmar’s iron and steel imports for the construction sector is valued over US$1.19 billion in the past financial year 2019-2020 ended in September, according to the statistics of the Ministry of Commerce. Additionally, $586.25 million worth iron and steel products are also imported during the October-September period. At present, Myanmar’s steel demand […]

Natural gas exports top $3.5 bln last FY

Myanmar’s exports of natural gas in the past financial year 2019-2020 amounted to US$3.5 billion, the Commerce Ministry’s data showed. The figures plunged from $3.88 billion registered in the FY 2018-2019, as per Commerce Ministry data. Natural gas is included in the list of major export items of Myanmar. Over 10 per cent of the […]

Strategy needed to ensure smooth flow of perishable crops in Myanmar

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 […]

Philippines cancels Myanmar rice consignment amid local protests

A rice export agreement between Myanmar and the Philippines has fallen through after the latter came under pressure from local farmers, according to Myanmar Rice Traders Association (MRTA).The Philippines had agreed to two consignments of 75,000 tonnes of rice produced in Myanmar earlier this year. “We won the tender about two months ago. However, the […]

Myanmar, S. Korea Agree to Build Logistics Hub in Yangon

YANGON, Feb. 6 (Xinhua) — Myanmar and South Korea signed a memorandum of understanding to build a logistics hub of international standard in Yangon, the official Global New Light of Myanmar reported Tuesday. The logistics hub will be constructed by the Myanmar Ministry of Commerce and the HUBS MK Company of South Korea on a […]

Jade sales fetch nearly $300 million

Myanmar earned over US$290 million (389.8 billion kyat) from jade exports up to the first week of this month in 2017-2018 fiscal year. Sales were down by over $210 million compared to the same period of last FY, according to the Ministry of Commerce. Last year’s sales for the period were $404, compared to $291 […]

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 […]