THE Myanmar Rice Traders Association (MRTA) said it will purchase long-grain rice that matures in 90 days, for which there is currently no demand in the market, at the basic price of K19,500 per bag.
OVER 90 per cent of all business in Myanmar is classified as Small and Medium Sized Enterprises, and the government has recognized that SMEs are main driver for the country’s future national economic development.
The prices of mung beans and pigeon peas (red gram) have bounced back in the Yangon pulses market after India announced its quota for pulses importation on 29 March.
A total of 117 booths representing 70 companies are putting on sale their products like foodstuff, electronics, cosmetics, clothing, traditional medicine, construction materials and health aid items during the event from 2 to 6 April.
Border trade between Myanmar and India as of 15 March, in this fiscal, reached US$ 85.8 million, an increase in value by $34.77 million over this time last year, according to statistics provided by the Ministry of Commerce.
Government intervention is needed to fix ceiling prices for certain agricultural products because they are sold at exorbitant prices, regardless of whether agricultural production costs are high or not, according to consumers.
