Grape growers in Meiktila, a town in central Myanmar, said they reaped a healthy profit during this harvest thanks to stable prices in the domestic market.
Local farmers are unhappy, even though the growing of groundnut has been promising. Groundnuts were cultivated on 30.50 acres of land owned by nine local farmers during the groundnut planting season.
The Sein Ta Lone variety of mangoes, also known as Diamond Solitaire, is selling well in the Muse trade zone, and fetching a good price, according to traders.
Sino-Myanmar bilateral trade exceeded US$880 million in February this year, registering a decrease of over $200 million, or over 18 per cent, from that of last February, the Ministry of Commerce reported.
Myanmar’s overseas trade with Bangladesh this February declined to US$4.5 million from $21.3 million against last February, according to the Ministry of Commerce’s latest monthly report.
Myanmar’s maritime trade as of 29 March this 2018-2019 Fiscal Year has touched US$12.09 billion, down by over $50 million or 0.44 per cent, matched against the corresponding period of the last FY, according to the Ministry of Commerce.
