Myanmar-India border trade down in 2021-2022 mini-budget year
4 November 2021
Border trade between Myanmar and India hit US$1.42 million as of 22 October in the mini-budget year of 2021-2022 or transition period from October 2021 to March 2022, according to figures released by the Commerce Ministry.
Despite plentiful production, banana prices slump
3 NOVEMBER 2021
Although there has been a high yield of bananas year by year in the Sagaing region, the prices of bananas have significantly dropped during the pandemic period, according to the banana growers.
“The local growers cultivate around 1,000 banana trees per acre. The cultivation of bananas costs K2 million per acre. At the time of fruiting, the farmers get back around K5 million per acre,” said a banana grower.
Sugar price hike rally continues; sugarcane price surges to over K60,000 per tonne
3 NOVEMBER 2021
Following the sugar price rally, the price of sugarcane jumped to over K60,000 per tonne, said the sugarcane growers from Htigyaing Township.
“This year, sugarcane fetches up to K60,000 per tonne. It was priced at only K43,000 per tonne last year. The sugarcane price has risen tracking the hike in sugar price. We delivered the sugarcane to the sugar mills in Htigyaing Township only,” said Daw Htway Yee, a sugarcane grower from Htigyaing Township.
Over 51 mln litres of fuel oil sold at fairer prices within one and half months: CAD
3 NOVEMBER 2021
The Consumer Affairs Department stated that more than 51 million litres of fuel oil were sold at the subsidized rate between 22 September and 2 November 2021.
Starting from 22 September, the total volume of fuel oil that is sold at very reasonable rates is equivalent to the amount that the oil importers directly purchased the foreign currency from the Central Bank of Myanmar, intending to offer fairer rates through the relevant association.
ငရုတ်သီးဈေးကောင်း ရရှိစေရန် ဈေးကွက် ဝယ်လိုအားများသည့် ကာလကို တွက်ချက်စိုက်ပျိုးသင့်
ငရုတ်သီးဈေးကောင်းရရှိစေရန် တောင်သူများအနေဖြင့် ဈေးကွက်ဝယ်လိုအား များသည့်ကာလကို စနစ်တကျတွက်ချက် စိုက်ပျိုးသင့်ကြောင်း ငရုတ်သီးစီးပွားဖြစ် စိုက်ပျိုးသူများ၏ ပြောကြားချက်အရ သိရသည်။
Myanmar, Thailand border trade reaches $225.78 mln in FY2021-22
31 October 2021
BILATERAL border trade between Myanmar and Thailand reached over US$ 225.78 million as of 22 October in 2021 mini-budget year (October- March), according to the Ministry of Commerce’s report.
The country’s export to Thailand totalled $134.29 million while its import shared $91.48 million during the period. This financial year’s figures increased by 30.35 billion U.S. dollars, compared to the same period in the last fiscal year.
CBM sells $110 mln this month
October 31, 2021
THE Central Bank of Myanmar (CBM) sold US$110 million at its auction rate in October, it is learnt. According to the sales of US dollars in October, the CBM sold $50 million on 18 October and $30 million each on 22 and 26 October.
MIFER Union Minister encourages investment project of performing fish breeding, processing, cold storage and manufacturing-related products in Ayeyawady Region
October 31, 2021
Irrigated black beans enter Mandalay market
October 31, 2021
This irrigated black beans from Madaya, Singu, Myaung, Monywa and Yesagyo regions are flooding the Mandalay market this season. And, the prevailing price of black beans is much higher than last year, according to Mandalay pulses traders.
Rubber price drips to below K1,000 per pound
30 October 2021
Myanmar rubber price has dropped down to below K1,000 per pound, according to the domestic rubber market.
Last few days, the local 3 rubber was priced at K1,060 per pound while the local 3 ribbed smoked sheets (RSS) hit K1,080 per pound. But it dripped to K940 per pound for local 3 rubber and K960 per pound for local 3 ribbed smoked sheets (RSS) currently.