Monthly Archives: June 2022

Myanmar’s agricultural products such as rice and rice-related products are exported by bulk carriers yearly. This year, the products will be exported to Europe and African countries from seven jetties at the Sule port terminal. A total of five vessels – two measuring 183 metres in length, two with 186 metres in length and one 200-metre-long ship will carry 143,400 tonnes of rice to Belgium, Spain and Togo.

Among these five vessels, three will lead to Belgium while one to Spain and another one to Togo. The country exports about 200,000 tonnes of rice per month and expects to ship two million metric tons this financial year, according to the Myanmar Rice Federation. The federation will work together with government and partner organizations in solving difficulties in the export sector.

The high-grade rice is mainly exported to the Europe market, China, some ASEAN countries and Bangladesh. Myanmar’s agriculture products, rice, broken rice and brans are exported to Europe and African countries by bulk carriers and the country exported 1,357,202 tonnes of rice by 90 vessels between April 2021 and March 2022 while 582,330 tonnes by 27 vessels in three months from April to June 2022.

Source: The Global New Light of Myanmar

The Myanmar Paddy Producers Association will reportedly strive for the farmers to get seeds and fertilizers at a reasonable rate. The association will contact the farmers to the importer companies so that they can buy the seeds and fertilizers at a cheaper rate than the prevailing market price in the monsoon season. Those enthusiastic buyers can directly contact the Myanmar Paddy Producers Association or through the region and state association branches within two days starting from 21 June. Only an immediate payment method is accepted for now.

The prices of seeds stand at K11,500 per basket of Sinthuka seed and Byautthuka seed, K12,000 for Pakan paddy seed, K6,000 per 1 kg-bag of New Aya seed, K23,000 per 21 kg-bag of Aya Min seeds, K18,000 per 21 kg-bag of Sinthuka seed and K19,000 per 21 kg-bag of Hnankauktun. Urea fertilizer is imported from Indonesia and Iran and it is priced at K83,500 per bag. Those interested can buy them through the contact number of UMFCCI (01 2314841, 09 5029755, 09 401326717, 09 799293818) and email: mppa. org.mm@gmail.com.

On 16 June, the Urea Fertilizer Purchase and Distribution Committee also sold about 75,000 tonnes of urea fertilizer at a fair rate. Those fertilizers are imported with the foreign currency that was sold by the Central Bank of Myanmar. This scheme started on 11 June and urea fertilizers were distributed to the 291 retail shops in 136 townships across 11 regions and states, with an immediate payment service. However, the prices differ in regions and states after adding the transport charges.

The prices of urea fertilizer per 50- kg bag were K86,000 in Yangon warehouse, K87,800 in Bago city, K88,600 in Pyay, K88,600 in Mandalay Region, K89,000 in Magway Region, K89,100 in Salin/ Pwintbyu area, K88,800 in Thaton and Mawlamyine cities, K89,500 in Monywa, K89,800 in YeU and Shwebo areas in Sagaing Region, K88,000 in Thongwa, K86,500 in Htantabin, Yangon Region, K92,600 in Sittway and K99,400 in Maungtaw, Rakhine State, K88,800 in Hpa-an and K89,300 in Hlaingbwe, Kayin State, K88,200 in Pathein and K88,100 in Hinthada, Ayeyawady Region, K96,000 in Kengtung and K100,800 in Mongton in the eastern Shan State, K92,000 in Lashio and K90,100 in Kyaukme in the northern Shan State and K89,500 in Taunggyi, K88,800 in Kalaw and K92,000 in Mongpan in the southern Shan State.

The farmers can take out purchase certificates free of charge from the agriculture management team in the respective village-tract. They can buy the urea fertilizer at the reference rate issued by the committee at the respective shops in each township. If they find it hard to buy them at the reference rate at the respective shops or they face any difficulty in purchasing them, they can contact the Ministry of Cooperatives and Rural Development via 067 410035, the Cooperative Department via 067 410040 and the Rural Development Department via 067 418621 and township-level Urea Fertilizer Purchase and Distribution Committees in the regions and states. The committee, in cooperation with a consortium comprising fertilizer, seeds and mineral nutrient businesspersons and member companies and Myanmar Rice Federation, is providing service for the farmers to buy the quality urea fertilizer at a cheaper price than the current market price.

Source: The Global New Light of Myanmar

Myanmar conveyed about 1.8 million tonnes of corn to external markets between 1 October and 15 June in nine months, said U Min Khaing, chair of the Myanmar Corn Industrial Association. At present, Myanmar exports corn to Thailand and China via border posts, while the corn is delivered to the Philippines, India and Viet Nam. In the 2021-2022 corn season (October-September), Myanmar targets to export about 2 million tonnes of corn to external markets, said U Min Khaing.

The price is relatively down in domestic markets as Myanmar’s corn price is heavily relying on Thailand. The prices of corn stand at K1,030-1,050 per viss depending on quality. Additionally, corn crops will soon be harvested in Thailand in the coming months. Nevertheless, we cannot say for sure that the price will remain downward or not, U Min Khaing added. Thailand gives green light to corn imports under zero tariff (with Form-D), between 1 February and 31 August.

However, Thailand imposed a maximum tax rate of 73 per cent on corn imports to protect the rights of their growers if the corn is imported during the corn season of Thailand. Therefore, only two months (July and August) are left for corn exports under Form D exemption. Myanmar exported 2.3 million tonnes of corn to foreign trade partners in the 2020-2021 corn season (October-September). Of them, 1.7 million tonnes of corn was sent to Thailand. At present, corn is cultivated in Shan, Kachin, Kayah and Kayin states and Mandalay, Sagaing and Magway regions. Myanmar has three corn seasons — winter, summer and monsoon. The country produces 2.5-3 million tonnes of corn every year.

Source: The Global New Light of Myanmar

Over US$ 1,174 million worth of garment products were exported in the second quarter of the 2021-2022 FY, according to the Ministry of Planning and Finance. The garment products, ordered from Japan, China, South Korea, and the EU member nations, were made locally through the CMP contract system.

Of 10 countries where locally-made garments were exported, garments worth $ 930 million were exported to Germany, $ 323 million to the UK, $ 294 million to the Spain, $ 266 million to France, $ 158 million to Denmark, $ 157 million to Italy, and $ 145 million to the Netherlands, respectively.

In addition to major exports such as rice, beans, and corns, garment exports under CMP system is the largest. Within the last five years, garment exports have more than quadrupled, and the garment sector was the most developed sector. Myanmar received $ 842.6 million from the garment exports in the second quarter of the 2020-2021. In the second quarter of the 2021-2022 FY, additional $ 332.2 million was made compared to the previous fiscal year, according to the statement of the Ministry of Planning and Finance.

Source: The Global New Light of Myanmar

Until 3 June of the 2022-2023 Financial Year (FY), Myanmar’s seaborne trade reached US$ 4,345.852
million, an increase of $1,088.440 million from the same period last year, according to the Ministry of
Commerce.

Export by sea imports of trade increased from the previous financial year to a total of $3,257.412 million in the last 2021- 2022 financial year. Exports in the current fiscal year Imports and exports amounted to $4,345.852 million.

There are nine ports for seaborne trade in Myanmar, and more than 150 cargo ships have docked in Yangon port alone in the past five months, according to a statement from the Myanma Port Authority. Cross-border trade totalled $1,707.315 million during the 2021-2022 financial year, down from $1,164.925 million as of 3 June of this financial year, down $542 million from the previous year. Maritime trade increased while cross-border trade declined due to the COVID-19 outbreak.

Source: The Global New Light of Myanmar