The rice traders predict that China is likely to grant import of rice up to 2 million bags by 2021 in consideration of growing domestic demand, said U Min Thein, Vice-Chairman of Muse Rice Wholesale Centre.

The price of black bean plunged by K40,000 per tonne on the back of weak demand by India, said U Min Ko Oo, secretary of Myanmar Pulses, Beans and Sesame Seeds Merchants Association (MPBSSMA).

THE Department of Agriculture is enticing watermelon growers to turn to other crops which have market certainty, said U Win Hlaing Oo, head of Sagaing Region Department of Agriculture.

The volume of rice and broken rice exported between 1 and 16 October in the current financial year 2020-2021 reached 35,637 metric tonnes, worth over US$14 million, according to an announcement from the Myanmar Rice Federation (MRF).

More than 30,000 rice bags are daily exported to China through Muse 105th mile trade zone, said U Min Thein, Vice Chairman of Muse rice depot.

The value of Myanmar’s bilateral trade with neighbouring country Thailand in maritime trade and border trade was estimated at US$18.865 billion in the past four financial years, the statistics issued by the Central Statistical Organization under the Ministry of Planning, Finance and Industry indicated.