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Corn commodity lines including corn mills, and cornstarch will be allowed to export only after applying for an export license starting from April 1

On March 9, 2022, the Department of Commerce announced that commodity lines containing corn mills, including cornstarch, would be allowed to export only after applying for export licenses from April 1, 2022. The Ministry of Commerce and Industry (MOEC) Department of Commerce Published by Import Newsletter (3/2022). Some of the exported goods are subject to national security and food security. In order to protect the environment, 778 lines of goods with HS Code 6 Digit or 1224 lines of goods with HS Code 10 Digit are designated as goods lines that need to apply for export license by Notification No. (51/2020).

According to the joint 2017 Customs Tariff of Myanmar, which includes corn mills, including cornstarch, 11 additional lines with HS Code 6 Digit or 12 lines with HS Code 10 Digit are required to apply for export licenses. Therefore, any of the goods lines required to apply for a license under paragraph 2 above may be imported from overseas. The Department of Commerce has announced that from April 1, 2022, exports will be allowed only after applying for export licenses in accordance with the regulations. From March 2, the Department of Commerce announced that 141 lines of goods containing wheat and plastic raw materials will be added to the list of goods that need to apply for import licenses. In the aftermath of the COVID-19 outbreak, businesses may need to be rehabilitated.  

In order to streamline imports and regulate the use of foreign currency for the import of goods, some imported goods will be subject to the import license system. Therefore, according to the Notification No. 68/2020 issued on October 22, 2020, there are 3931 product lines with HS Code 10 Digit which need to apply for import license. HS Code 10 Digit issued by Newsletter on Import and Export (18/2021) with 3070 product lines; The HS Code 10 Digit issued by the Newsletter (1/2022) states that the goods specified in the joint HS Code, including 826 product lines, including 826 product lines, are the goods lines that need to apply for import licenses. Importing from the air and border trade routes will be allowed from March 2, 2022 only after applying for an import license in accordance with the procedures.

Source: Daily Eleven

A 500-ton cold storage plant on 2.04 acres of land to store fish and shrimp production will be leased under BOT system

Build a 500-ton cold storage plant to store fresh fish, According to the Department of Fisheries, 2.04 acres of land will be leased under the BOT system for shrimp production. Agriculture, Livestock and Irrigation Minister’s BOT system under the Department of Fisheries Survey No. (2/2), Entrepreneurs / companies are invited to submit bids for the construction of a 500-tonne refrigeration plant with a BOT system for the production of fresh and fresh fish and prawns under the BOT system.

Tender proposal and terms and conditions for 10,000 kyats per pair. Administrative department; It can be purchased at Office No. 36, Nay Pyi Taw. Bids will be sold at the Department of Fisheries (Head Office) Nay Pyi Taw during the regular office hours from March 10 to 28, 2022, and an open tender must be submitted there. For more information about the tender, please contact the Department of Fisheries (Head Office); 067-408474. The tender acceptance and scrutiny committee has announced that inquiries can be made at 09-254554347.

From October 1 to February 25, the 2021-2022 fiscal year (Mini Budget) earned more than $ 387 million from fishery exports, up $ 24 million from the same period last year, according to the Ministry of Commerce. In the same period in the 2020-2021 fiscal year, fishery exports earned $ 363.748 million. Compared to the same period last year, as of February 25, the current fiscal year earned $ 24.077 million more than the same period last year.

Myanmar’s fishery products are exported annually to 45 countries, and the meat sector currently exports mainly live animals to neighboring countries across the border. According to the Ministry of Agriculture, Livestock and Irrigation, there is a need for the government and the private sector to cooperate in producing shrimp hatcheries in Myanmar, as shrimp fry are being imported from neighboring countries for commercial shrimp farming. Agriculture accounts for 30 percent of Myanmar’s gross domestic product, with 68 percent of the rural population dependent on the sector, according to the Ministry of Agriculture, Livestock and Irrigation.

Source: Daily Eleven

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Myanmar ships over 710,000 tonnes of various pulses as of 25 Feb

Myanmar delivered US$556 million worth of over 710,616 tonnes of various pulses to foreign trade partners between 1 October 2021 and 25 February 2022 in the half of the current six-month mini-budget period (October 2021-March 2022), according to statistics released by the Ministry of Commerce. Nearly the past five months, the country shipped $515.656 million worth of 662,169 tonnes of pulses and beans to foreign markets through sea routes, and $40.3 million valued 48,446 tonnes were sent to the neighbouring countries through the land borders. India is the main buyer of Myanmar beans, especially black beans, green grams and pigeon peas.

Besides India, Myanmar’s beans are purchased by Bangladesh, Pakistan, Nepal, UAE, Malaysia, Indonesia, China (Taipei), Japan, and European countries. But, the volume of demand by those countries is small, according to the domestic beans market. India’s Ministry of Agriculture and Farmers Welfare approved to import of not only black gram but also other pulses from Myanmar, with relaxations of conditions regarding clearance consignment up to 31 March 2022. The prices of beans are positively related to the exchange rate. Last September, the bean price reached an exorbitant high tracking the Kyat weakening in the local forex market.

The price of black gram hit an all-time high of K2 million per tonne on 29 September 2021 following Kyat weakening against the US dollar (K3,000) in the local forex market. At present, the exchange rate of a US dollar is over K2,000. The price of black beans (Fair Average Quality) stands at K1.428 million per tonne. Similarly, the price of pigeon peas rises slightly to K1.415 million per tonne. More than two million tonnes of various pulses and beans were delivered to foreign markets in the previous financial year 2020-2021 (October-September), with an estimated value of US$1.57 billion, the Commerce Ministry’s data indicated.

At present, the demand for green gram slips due to border trade restrictions amid the COVID-19, with an estimated value of around K125,000 per three-basket bag. Myanmar’s agriculture sector is the backbone of the country’s economy and it contributes to over 30 per cent of Gross Domestic Products. The country primarily cultivates paddy, corn, cotton, sugarcane, various pulses and beans. Its second-largest production is the pulses and beans, counting for 33 per cent of agro-products and covering 20 per cent of growing acres. Among them, black beans, pigeon peas and green grams constitute 72 per cent of bean acreage. Other beans including peanut, chickpea, soybean, black-eyed beans, butter bean and rice bean are also grown in the country. 

Source: The Global New Light of Myanmar