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Myanmar’s watermelon export prices to China plunged by 25 percent tonnes
The price of watermelon exported to China fell by 25 per cent per tonne, vice-chairman Sai Khin Maung of fruit depot at Muse 105th mile trade zone said. A watermelon fetched over 7,000 Yuan per tonne in November-end, and the price now plummeted to 4,500 Yuan per tonne, he continued. “Watermelon prices rose to 7,000 Yuan per tonne in the previous weeks. The prevailing maximum price stands at only 4,500 Yuan per tonne. Watermelon with good packaging is, however, priced at 6,000 Yuan. Nevertheless, the price sharply dropped by 25 per cent. I guess there will be no possible price rise as high as before,” he shared his opinion. At present, more than 200 trucks loaded watermelon daily enter the Muse zone, and they are continued to go to China, according to Muse fruit depot. -
Myanmar’s CMP garment exports decreased by USD $ 176 million in the first month of 2020 – 2021 fiscal year
Myanmar’s garment export sector, which constitutes over 20 per cent of overall export value, showed a steep drop of US$176 million in October of the current financial year, according to the data released by the Ministry of Commerce. In October of FY2020-2021, the country exported $203.95 million worth garments to foreign countries. The figure plunged from $384 million registered in October of the 2019-2020FY. At present, over 100 CMP garment factories temporarily shut down on the reason for the lack of raw materials and slump in demand due to the coronavirus negative impacts, leaving thousands of workers unemployed. Sixty-four factories have been permanently closed down during the pandemic, compensating about 25,000 workers. The data does not include those factories which have not resolved worker payments, the Ministry of Labour, Immigration and Population stated. The coronavirus impacts badly batter the labour-intensive enterprises according to the Directorate of Investment and Company Administration. -
The new sugar price expected to fetch good price at the end of December 2020
The price of new sugar produced at the end of December is expected to rise as the stock of old sugar, and imported sugar is remained less, according to Sugar and Cane Related Products Association. “Local sugar mills are started running beginning from 5 December. The new sugar will be produced in December-end. The stock of old sugar has become lesser. Additionally, sugar import is rarely found in the meantime. Sugar price has surprisingly risen this year in the international market. The domestic sugar market also sees a potential,” said U Thi Ha Tun, secretary of Sugar and Cane Related Products Association. Sugar millers purchased sugarcanes in mid-December, and the mills are operating to produce sugar by the 2020-2021 sugarcane season. At present, the sugar mills in eastern and western Bago Region are running. The mills in northern and southern Shan State and Sagaing Region are soon to operate. -
The plan is underway to be built a bamboo plywood mat factory in Myanmar to enable export to foreign markets
A plan is underway to build a bamboo plywood mat factory near Nay Pyi Taw in the middle region of Myanmar to enable export of them to foreign markets, said a resident of Myanmar who has experience in bamboo plywood mat factory in Manipur, India. “In Myanmar, we could get natural products easily. We will bring the machines from India and set them up in Myanmar. We will set up the factory with our own technology and our own capital investment. Now, an entrepreneur from Shan State is manufacturing the mats for over 20 years in Manipur, India. He bought the mats from the local weavers to glue them together. -
In partnering with 2C2P, KBZPay will expand the digital payments network in Myanmar
2C2P, a payment platform, and KBZPay, the leading mobile wallet in Myanmar, have established a partnership to expand the digital payments network in Myanmar. The partnership will bring together 2C2P’s online payment systems and KBZPay’s mobile wallet technology to open up new possibilities for people in Myanmar to transact with global and local businesses. In addition, the partnership will connect 2C2P’s partners and merchants with KBZPay’s fast-growing customer base, driving new payment efficiencies and convenience. Aside from performing convenient and secure mobile transactions to pay for goods and services, make bill payments and manage everyday finances, this partnership will empower KBZPay’s 6.7 million customers in Myanmar to use their mobile wallets to transact with 2C2P’s extensive global and international merchants from today. These merchants include tech giants, online marketplaces, retailers as well as Myanmar-based companies. -
Myanmar Corn Industrial Association (MCIA) will open corn commodity depot in Myawaddy in the third week of January in 2021
Myanmar Corn Industrial Association (MCIA) has planned to open Myawady corn commodity depot in the third week of January in 2021, said MCIA Chair U Min Khaing. The corn commodity depot will be opened to ensure fair trade of corn on the Myawady border and for the greater convenience of the trading. Although the commodity depot was first targeted to open on 1 April 2020, the opening of the depot was delayed by COVID-19 outbreak, he added. “Earlier, we were set to open the depot on the 1 April 2020. We have already invited the related officials. But we have postponed the opening of the depot because of the pandemic. Now, we have made a new schedule to open the depot in 2021. We are not sure as to what to do because the government declared the extension of the stay home till the end of December. We are ready to open the depot, but we have to invite the officials and traders from both countries. But we could not do so because of COVID-19. But we targeted to open it in the third week of January 2021,” he explained. We are attempting to open the commodity depot in January so that we could export the corn to Thailand under the tax-free system. -
A yard, the cattle exporters body will be constructed near Mandalay Region
A yard will be constructed near Mandalay Region for the cattle designated for export to China will be mustered into there, according to the Mandalay Region Cattle Exporters Association (MRCEA). “At present, live cattle export to China through the Muse land border is facing hardships due to housing difficulties and high feedstuff cost,” said Chairperson U Soe Naing of the exporters association. “We are discussing this matter with key participants. Muse border is too small to handle thousands of cattle. If the number of cattle exceeds 5,000, housing difficulties occur; therefore, we need cattle yard. PyinOoLwin has abundant pasture land. It is easy to buy hay and corn there as well,” he added. Mandalay Region Cattle Exporters Association will submit a report to the authority concerned to build cattle yard. -
Myanmar regained foreign rice market shares as export rice prices rise in November
Myanmar regained rice market shares from certain countries on account of high quality and the price also increased in November, said U Ye Min Aung, Chairman of Myanmar Rice Federation. The export price of Myanmar’s rice is relatively lower than the rates of Thailand and Viet Nam. Yet, the prices are higher than those market prices of India and Pakistan, MRF’s data showed. In November, the export prices of Myanmar white rice (low quality), broken rice and parboiled rice rose compared to October’s rate. The prices moved in the range of US$400-490 per metric ton. Following the coronavirus resurgence in Myanmar, rice was highly demanded in the domestic market. The domestic retail market in November saw a rise of K500-2,000 per 108-pound bag compared to October’s prices, said traders from Bayintnaung market. The prices of rice last month for Pawsan varieties moved in the ranges of K38,000-57,000 per 108-pound-bag in the domestic market, while low-quality rice fetched K22,000-28,000, MRF data showed. The local people prefer old rice to the newly harvested crop. When the fresh rice enters the market, the price of old rice is remained strong, said a trader from Wahdan commodity depot. Myanmar exported 350,260 tonnes of rice and broken rice to foreign trade partners between 1 October and 27 November in the current financial year 2020-2021, generating an income of over US$300 million, as per MRF’s data. -
The infrastructural development projects will make a major transport hub in Bago Division
“The New Hanthawaddy International Airport will be implemented as a national project,” Vice-President U Henry Van Thio told the media. The new airport project will be developed on over 9,600 acres of state-owned landon outskirts of Bago City, about 75 km from commercial city Yangon. The new airport,designed to be built in three phases, includes the construction of an international terminal with capacity for 12 million passengers p/a, a 3,600m runway capable of handling A340 and Boeing 747 aircraft, taxiways, 42 aircraft stands and installation of a baggage handling system and other support systems, according to an aviation website CAPA. Phase 1 of the HIA project is expected to complete in 2027 with the target of 8 million annual passenger handling capacity. It will mainly be composed of one runway with 3,600 metres in length and 45 metres in width, one parallel taxiway, two taxiways, two high-speed taxiways, and other essential facilities. After Phase 3 is completed, which is estimated to be in 2048, it is targeted to reach 30 million annual passenger handling capacity. -
Dala Bridge project which will connect to Yangon and Dala township shakes the land prices again
The $168 million Dala Bridge Project, which will connect Yangon and Dala township, has caused the spikes of land prices again, according to the real estate service providers. Back in 2013, the land price in Dala Township increased tenfold since talks of a bridge linking Yangon and Dala emerged. The project is now completed 20 percent, according to the Ministry of Construction.
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