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Myanmar rice export income exceeds $700 mln last FY 2020-2021

Myanmar generated US$700.13 million income from exports of rice and broken rice in the past financial year 2020- 2021 (Oct-Sept), according to Myanmar Customs Department. Border trade disruption triggered by the COVID-19 consequences led to sluggish market and the export price dropped.

The prices of white rice varieties range US$310-US$355 per MT depending on the different varieties and quality, according to the Myanmar Rice Federation (MRF). The export price of Myanmar’s rice was relatively lower than the rates of Thailand and Viet Nam. Yet, the prices were higher than those market prices of India and Pakistan, MRF’s data showed.

Myanmar shipped more than 216,375 metric tons of rice and broken rice in October of the current mini-budget period (Oct 2021-Mar 2022), according to Myanmar Customs Department. China is the main buyer of Myanmar rice, followed by Ivory Coast, the Philippines, Viet Nam and Guinea. Meanwhile, Myanmar exported broken rice primarily to China, followed by the Netherlands, Belgium, Spain and France.

Source: The Global New Light of Myanmar

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Raw materials import by CMP businesses stand at $179 mln as of 5 November

The imports of raw materials by CMP (cut-make-pack) businesses edged up to US$179.9 million as of 5 November in the current mini-budget period 2021-2022 (Oct-Mar), which reflects a slight increase of $24.5 million compared with the year-ago period, according to the Ministry of Commerce.

Myanmar’s manufacturing sector is largely concentrated on garment and textiles produced on the Cutting, Making, and Packaging basis, and it contributes to the country’s GDP to a certain extent. The garment industry faced cancellation of order and slump in output, new orders, coupled with the market manipulation in the forex market.

However, the industry is now getting back to normalcy after the COVID-19 vaccination programme. Myanmar mainly exports CMP garments to markets in Japan and Europe, along with the Republic of Korea, China, and the United States of America. Exports of garments manufactured on the CMP basis touched a low of S$3.6 billion between 1 October and 30 September in the past financial year 2020-2021, according to the data from the Ministry of Commerce.

Source: The Global New Light of Myanmar

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One million Sinovac COVID-19 vaccines in third batch donated by PRC arrives at Yangon Int’l Airport

The Ministry of Health vaccinates the people in regions and states including Nay Pyi Taw Council Area for prevention and control of COVID-19. So far, the ministry has purchased 31 million doses of COVID-19 vaccines and accepted 9,168,800 doses of COVID-19 vaccines donated by friendly countries, totalling 40.168,800 million doses of vaccines. The People’s Republic of China arranged to donate three million doses of Sinovac COVID-19 vaccines to Myanmar. Of them, one million doses of vaccine and syringes in the third batch arrived at the Yangon International Airport at 4.30 pm yesterday.

The donations were accepted by the head of Yangon Region Medical Services and Public Health Departments and party. As such, three million doses of Sinovac vaccine donated by the People’s Republic of China in three batches totally arrived yesterday. As part of preventing the COVID-19 infection, 15.3 million of the people in target groups of regions and states including Nay Pyi Taw Council Area have been injected till 20 November, 10.4 million of whom have been vaccinated two times and 4.9 million injected for the first time.

Hence, the vaccinations have been undertaken for 25.8 million times till 20 November. In this regard, the data was inserted into the vaccination management information system-VMI, and vaccinated IDs with QR Code were issued. The fully vaccinated persons can show the documents for recognition of vaccination in the smooth travelling at and abroad. The Ministry of Health requested the people to accept COVID-19 vaccinations without fail, take the second time vaccination on the scheduled or in the nearest set period at nearby vaccination centres and urge the family members and friends to take fully vaccinations without fail.

Source: The Global New Light of Myanmar