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Myanmar exports rice and its products to Europe, Africa

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

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Kyaukpyu Combined Cycle Power Plant Project to be completed in 2023

The Kyaukpyu combined cycle power plant project with a capacity of 135 mW will be completed in May
2023, according to the Kyaukpyu District Electric Power Generation Enterprise. The project was started near the Gangawdaw Pagoda in Kyaukpyu Township in 2020 and is 81 per cent completed to date.

The power plant will be installed with the German-made SGT-800 Gas Turbine in Myanmar, the first of its kind in Myanmar. When the power plant operates, it will generate 135 megawatts of electricity at a rate of 8.59 cents per unit. During the 25 years of operation of the plant, engineers from the Electric Power Generation Enterprise (EPGE) will be assigned to the plant and handed over the operational maintenance technology.

The Ministry of Electric Power and for Energy conducts maintenance works on No (4) Fertilizer Factory (Myaungtaga) and No (5) Fertilizer Factory (Kangyidaunt) every April to meet the power needs of people. Currently, the Kyaukpyu 45 megawatts gas-fuelled power plant of V Power Group Holdings Limited and Kyaukpyu 150 mW gas-fired power plant of CNTIC V Power KY-3 Limited is generating power in Kyaukpyu township. The 135 mW Kyaukpyu combined cycle power plant project of the Kyaukpyu Electric Power Company Limited is being implemented to generate more electricity in coming years.

Source: The Global New Light of Myanmar

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MAI to resume Incheon-Yangon-Incheon flights 3 days per week

Myanmar Airways International (MAI) has announced that Incheon-Yangon-Incheon flights will resume three days per week starting from 6 July. Currently, Korean Air is operating the Yangon-Incheon flight. After the suspension for over two years, Korean Air (KE) resumed flying.

At present, both Korean Air and MAI are selling the tickets for the Yangon-Incheon flight to be resumed on 6 July. The flights will fly weekly on Tuesday, Friday and Sunday.

In addition, Nok Air will also resume Yangon-Bangkok flights on 1 July and will fly every Monday, Wednesday, Friday, and Sunday. Myanmar National Airlines (MNA) is also operating regular flights to Singapore, Bangkok and Kuala Lumpur. MAI flies to Kuala Lumpur, Bangkok, Tokyo, Singapore, Seoul, Guangzhou, Dubai, Phnom Penh, Kolkata and Delhi on scheduled dates.

Source: The Global New Light of Myanmar

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Seeds, fertilizers to be available at reasonable rates

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

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Myanmar ships nearly 1.8 mln tonnes of corn abroad markets in 9 months

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

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Over $ 1,174 million worth of garment products exported

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

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Starting from July 1, passengers travelling to Bangkok, Thailand with a 14-day visa will no longer need to apply for Thailand pass and insurance

From July 1, passengers traveling to Bangkok, Thailand with a 14-day visa will no longer need to apply for a Thailand Pass and Covid Medical insurance. At present, passengers traveling from Rangoon to Bangkok, Thailand, must have a valid passport for at least six months. Air ticket, Thailand Pass; Covid Medical insurance; You will need to show your Covid Vaccine Certificat and your hotel or home address.

Among those requirements, travelers with a 14-day visa will be able to enter Thailand without having to apply for a Thailand Pass and Covid Medical insurance from July 1. The state-owned Myanmar National Airlines (MNA) will operate the Yangon-Bangkok daily flight twice a day, Monday and Wednesday, starting June 15. Myanmar National Airlines currently operates daily Yangon-Bangkok flights.

E-Boarding Pass can be obtained by checking online through the mobile application for domestic flights of the state-owned Myanmar National Airlines (MNA). Online check-in is for domestic flights only and can be made 24 hours to 75 minutes before departure. People will need to print and bring the E-Boarding Pass you received after online check-in. Download the mobile application from the App Store and Google Playstore and search for itinerary in the mobile application, buying a plane ticket.

Payment Check your itinerary Travel services such as online check-in and e-Boarding Pass will be available. In addition, overseas trips to Singapore, Hong Kong Bangkok Kuala Lumpur, Chengdu New Delhi It is flying to Kolkata and Manila, and plans to expand international flights. Nok Air at Yangon International Airport; THAI Smile and Air Asia will resume flights, according to information released by Yangon International Airport. Smile Airlines Air Asia will resume flights on June 3 and Nok Air on July 1.

Source: Daily Eleven

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Maritime trade exceeds US$4,300 million in 2022-2023 FY

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

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Myanmar’s foreign trade soars to $5.5 bln over past two months

MYANMAR’s external trade between 1 April and 3 June of the 2022-2023 Financial Year tremendously rose to US$5.5 billion, reflecting a sharp increase of $546 million as against the year-ago period, according to the Ministry of Commerce. The figures surged from $4.96 billion in the corresponding period last year. Myanmar’s export was worth over $2.65 billion whereas the country’s import was valued at $2.85 billion over the past two months.

The border trade dropped owing to transportation difficulties amid the COVID policy and political changes, with a decrease of $542 million as against the year-ago period. However, the maritime trade registered a significant rise of $1.08 billion during the April-May period. Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, raw industrial materials, and consumer goods.

The country’s export sector relies more on the agricultural and manufacturing sectors. The Ministry of Commerce is focusing on reducing the trade deficit, export promotion, import substitution and market diversification. The external trade stood at $15.5 billion in the past mini-budget 2021-2022 (October-March) period and $29.58 billion in the 2020-2021FY, as per the Commerce Ministry’s statistics.

Source: The Global New Light of Myanmar

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Manufacturing sector only source of FDI in past two months

Foreign direct investments were pumped into the manufacturing sector only in the past two months (April-May) of the 2022-2023 financial year, as per the statistics released by the Directorate of Investment and Company Administration (DICA). Seven enterprises from China, Hong Kong SAR and Japan put estimated capital of US$13 million into the manufacturing sector in the past two months. The existing enterprises from China (Taipei) also increased $2 million in investments in the manufacturing sector.

The manufacturing enterprises and businesses that need a large labour force are prioritized to create job opportunities for the local community, according to the Myanmar Investment Commission. Although some labour-intensive enterprises faced financial hardship amid the COVID-19 negative impacts and the political changes, the industry is now returning to normal after the COVID-19 vaccination program for the workers, as per the I HS Markit’s September report.

In a bid to boost factory productivity with a healthy and nutritious workforce in the garment industry, Mobile Medical Check to garment workers took place from 9 to 13 May 2022 in Yangon and Nay Pyi Taw, supported by UNICEF Myanmar. Myanmar’s manufacturing sector is largely concentrated in garments and textiles produced on the Cutting, Making, and Packing basis, and it contributes to the country’s GDP to a certain extent. Myanmar has drawn foreign direct investment of more than $647.127 million from 49 enterprises in the past mini-budget period (October 2021-March 2022). Of them, 40 foreign enterprises put investments in the manufacturing sector, pumping the estimated capital of $202.667 million. 

Source: The Global New Light of Myanmar