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September 21, 2019

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Chinese cattle breeder invests in Myanmar, plans to export

Related imageThe Myanmar Invest Commission (MIC) last month permitted China’s Kangrui Agriculture & Livestock Development Company to invest in the raising of cattle in Myanmar. The investment will involve an injection of US$37 million in funds. A breeding facility will be established in Mahlaing Township, Mandalay Region. Kangrui, which is 90 percent owned by Shanghai Penghe Supply Chain Management and 10pc by Dehong Penghe Agriculture Development, will be the first wholly-owned Chinese outfit to invest in breeding cattle in Myanmar.

The cattle will be bred domestically and mainly exported to China. Investors are starting to take interest in the cattle business after the Ministry of Commerce in October 2017 officially permitted breeders to export Myanmar-bred cattle in an effort to control illegal exports. Myanmar cattle are mainly exported to China via the Muse border trade gate, as well as to Thailand. Of the 261 companies that applied for export permits from the government since late 2017, 94 that met requirements set out by the authorities have been selected. The country has since exported nearly 500,000 cattle from December 2017 through April 2019.

According to the animal census conducted in May 2018, there were 1.8 million buffaloes and 9.7 million dairy and beef cattle in Myanmar. The MIC has also permitted Thailand’s wholly-owned CP Livestock to invest in three cattle businesses worth over US$78 million. These include investments in a pullet farm and pig breeding farm in Yangon as well as an animal feed facility in Mandalay. So far, foreign investors in the livestock and fisheries sector have channeled funds totaling US$600 million towards expansion in Myanmar, according to DICA.

Source: Myanmar Times 

MRF and COFCO to study rice types for China export

Related imageMyanmar and China will cooperate in classifying rice types suitable for export to China following an agreement that up to 100,000 tonnes of rice can be exported to the country. The Myanmar Rice Federation (MRF) and the China National Cereals, Oils and Foodstuffs Corporation (COFCO) will cooperate in classifying these rice types.

MRF general secretary U Ye Min Aung said both sides will study what types of rice grown in Myanmar can meet China’s market demand. “There is rice such as Tunpu, Kayinma and Ngasein available in the local market that can be sold to China,” he added. Besides providing information, MRF would also assist COFCO in purchasing the rice. China, which imports commodities based on a quota system, had set an official quota of 100,000 tonnes of rice from Myanmar in 2016, but traders have been lobbying for the quota to be raised to 400,000 tonnes.

Under the MRF-COFCO agreement, selected companies that have been inspected by a board formed from officials from the Ministry of Commerce, MRF, experts from the relevant fields as well as other government officials would be allowed to export their rice to China. According to an earlier statement by the MRF, a report would be sent to China from the Department of Agriculture after the inspection process has been completed. A total of 103 rice mills owned by 42 companies that have applied for rice-export permission to China has been inspected.

Source: Myanmar Times 

Yangon Region in talks with Yunnan, Shanghai to boost fishery exports

Related imageNegotiations are underway between the Yangon Region Government and the provincial governments of Yunnan and Shanghai for promoting fishery exports to China, said Chief Minister U Phyo Min Thein. “We are discussing improving fish farming and the fishery production sector with the Yunnan provincial government. We are also discussing the matter with the Shanghai provincial government. We are trying to create a Yangon-based fish market,” said U Phyo Min Thein.

At present, the Yangon Region Government is negotiating with all the stakeholders in the supply chain, including the Myanmar Fisheries Federation and inshore and offshore fishing businesses. He made the remarks at the 28th regular meeting of Vice President 1 with private entrepreneurs, held at the Union of Myanmar Federation of Chambers of Commerce and Industry last Saturday.

MFF Vice President Dr. Toe Nandar Tin said the federation has asked the government to tackle problems faced in export of farm-raised fish and prawns through G2G pacts and ensure smooth freight movement between countries to bolster exports. According to the MFF, integrated poultry and fish farming cannot ensure food safety, which is a requirement for export. Therefore, the federation has asked for the formulation of a law to restrict that kind of mixed farming. Fish farming must be conducted as a large-scale project to get access to Project Bank loans, according to the MFF.

Source: Global New Light of Myanmar

Green peas, chick peas to be temporarily imported

Related imageGreen peas and chick peas, which cannot be grown to meet the local demand, are to be temporarily imported from other countries, according to Dr Than Myint, the Union Minister for Commerce. He made this statement at the 28th regular meeting held on 29 June at the Office of The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

“We will grow more beans, which are in high demand by India, Japan, Korea and China. We have the market. At that time, the prices of the locally consumed beans, such as green peas and chick peas, will decline and local farmers will only grow those beans in high demand. So, we could not grow enough green peas and chick peas to meet the market demand. Therefore, we are planning to temporarily import green peas and chick peas from other countries. We are holding discussions with local farmers, traders and the government,” said Union Minister Dr Than Myint.

With the growing of beans in high demand by foreign countries, such as Mung beans, Pigeon peas and Green grams, local companies have applied for licenses to import green peas and chick peas for local consumption. The Ministry of Commerce has also been planning to import locally demanded beans from other countries. Currently, Myanmar is mainly growing beans, such as Mung beans, pigeon peas and green grams. Mung beans are mainly purchased by India, while green gram is chiefly purchased by China and European countries.

Source: Global New Light of Myanmar 

Export revenue from Muse border trade drops

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Myanmar recently launched its updated National Export Strategy for 2020-2025. The Ministry of Commerce will be adding fruits and vegetables, gems and jewellery, handicrafts, processed food products and digital businesses as potential export sectors.

 Muse-China border trade, which is one of the biggest overland trading routes in Myanmar, has declined this year. Chinese imports decreased about US$ 600 million to just over $3 billion, according to the Ministry of Commerce.

Exports to China via Muse were just under US $2 billion, whilst imports represent half that volume at US$ 1.04 billion.  Both of these figures are down from last year, with the export number sitting at US$ 2.6 billion and imports at US$ 0.98 billion.

Source: Myanmar Times

Myanmar will continue export fish to Saudi Arabia after inspections

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After inspections are carried out by Saudi Arabia, Myanmar will be able to resume its fish export which had been suspended.

Saudi Arabia has sent the necessary checklists to Myanmar Fisheries Department on April to allow farmed fishes export from Myanmar said U Thet Naing, deputy director of the Quality Control and Research Division of Fisheries Department.

Saudi Arabia, which imports about 20,000 tonnes of marine products from Myanmar annually, had stopped buying rohu fish since April last year after bacteria was found on the same fish species imported from Vietnam.

Before the suspension, Myanmar exported 60 percent of river catfish to Saudi Arabia. U Thet Naing also said that Saudi officials will visit Myanmar and inspect the country’s fishery system is in accordance with their standard and has Good Aquaculture Practices (GAP).

Source: Myanmar Times

 

Myanmar to export farm fisheries to EU starting from May

Related imageMyanmar will be able to export farmed marine products to the European Union (EU) starting from the beginning of May, said U Thet Naing, deputy director of the Quality Control and Research Division of Fisheries Department.

The EU had only permitted imports of fish caught in the wild up to now. From next week onwards, this will expand to include seven farmed fish, two prawn and one crab species which are Rohu, Mrigal, Katla and Carfu fish species, river catfish, barbus fish, spotted prawn, white prawn and soft shell crab.

A total of 27 fish breeding farms which supply farmed fish to the factories that export marine products to the EU have been examined. These fish farms are located in Yangon Region, Ayeyarwady Region and Tanintharyi Region, said U Thet Naing.

Source: Myanmar Times

Myanmar to export green tea to Germany

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Organic green tea including 1.5 tonne of “Shwe Pi Oo” and “Moe”will be exported to Germany in September according to U Hla Baw, president of Pindaya Tea Cluster (PTC).

PTC has set the price of green tea at K15,000 per viss (1.6 kilogrammes) for sale to Germany; the current local price is around K12,000 per viss. On the eastern front, Palaung tea grower and sellers association is preparing to export green tea products to China.

The tea is named after the time of the harvest – “Shwe Pi Oo” is harvested during March and April , “Khar Kan” during May and June , “Moe” in July and September, and “Hnin Thit” in November and December.

Source: Myanmar Times

State Counselor, Thai Prime Minister Open 2nd Thai-Myanmar Friendship Bridge

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On Tuesday, the State Counselor and Thai Prime Minister Prayut Chan-o-cha opened a new bridge linking Mae Sot district in Thailand’s Tak province with Myanmar’s border city of Myawaddy. A second Mae Sot Boundary Post was also opened alongside the bridge.

Daw Aung San Suu Kyi said the bridge would promote cross-border trade, investment, tourism and cultural exchange.

Bilateral trade between Myanmar and Thailand stood at US$5 billion (7.7 trillion kyats) in fiscal 2017-2018, $4.3 billion in 2016-17, $4.8 billion in 2015-16, $5.7 billion in 2014-15, $5.6 billion in 2013-14, $4.7 billion in 2012-13, and $4.5 billion in 2011-12, according to the Ministry of Commerce. Thailand is Myanmar’s third-biggest source of foreign investment.

The bridge lies on the East-West Economic Corridor, part of the Mekong-Japan cooperation scheme, Tokyo’s grand infrastructure plan for the region. Within this plan, Myanmar sits on two major economic corridors: the East-West Economic Corridor connecting Vietnam’s Dong Ha City with Yangon’s Thilawa Special Economic Zone (SEZ) via Cambodia and Thailand, and the Southern Economic Corridor connecting central Vietnam, Cambodia and Thailand to the Dawei SEZ in southeastern Myanmar.

The plan aims to improve connectivity between Bangkok and Yangon along the East-West Corridor. The corridor will help businesses based in Bangkok extend their supply chains to Yangon (at the Thilawa SEZ). The Myanmar section of the East-West Corridor does not yet function as an international highway due to bottlenecks such as one-way stretches, a lack of paved roads, traffic difficulties in the rainy season and weight limitations.

According to the Japan International Cooperation Agency, Tokyo plans to shorten transport time by constructing three bridges in Karen and Mon states—the Gyaing-Kawkareik Bridge, the Gyaing-Zathabyin Bridge and the Atran Bridge—as part of the East-West Economic Corridor. These are expected to reduce the time needed to transport goods the 870 km from Thilawa to Bangkok to one-and-a-half days.

Source: The Irrawaddy

Myanmar aims to increase trade with South Korea

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Myanmar will raise efforts to boost trade with the Republic of Korea, said U Aung Soe, Permanent Secretary of the Ministry of Commerce (MOC) during an event to promote local agriculture exports to South Korea on February.

The event was hosted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Korea Myanmar Research Association in Yangon.

Myanmar currently exports sesame, some marine products like soft shell crabs and fruits to South Korea, where demand for grain, beans and pulses and vegetables are also high in demand. As such, the two countries should raise trading of such agriculture products, said Professor Young-Jun Choi from Kyung Hee University in Korea.

In 2017-18, trade between Myanmar and South Korea totaled more than US$790 million. Myanmar exported over US$300 million worth of goods to South Korea and imported over US$495 million, according to the MOC.

Source: Myanmar Times

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