MYANMAR-INDIA bilateral trade totalled US$147 million in January, the fourth month of the fiscal year 2018-2019, with $70.4 million in exports and $77.4 million in imports, according to the monthly trade report of the Ministry of Commerce.
THE Myanmar Rice Federation (MRF) will declare at floor price for paddy this month. U Ye Min Aung, the chair of the federation, made the remarks at the MRF central executive meeting, held in the first week of March.
MYANMAR earned about US$364 million from the export of fisheries products in the first five months of the 2018-2019 fiscal year, increasing by $26 million from the corresponding period last 2017-2018 FY, according to official figures issued by the Ministry of Commerce.
In spite of the European Union imposing a tax on imports of long-grain rice, Myanmar’s rice exports to the EU have not declined as traders are shipping rice varieties that don’t fall in the new tax bracket, according to the Myanmar Rice Federation (MRF).
Vietnam earned nearly 1.1 billion U.S. dollars from exporting seafood, mainly prawns and catfish in the first two months of this year, posting a year-on-year increase of 2.3 percent, according to the Vietnamese Ministry of Agriculture and Rural Development on Thursday.
PRIOR to Thingyan festivals, the value of Kyat is expected to gain against the US dollar in domestic currency market, according to currency market forecast of businesspersons.