Sugarcane growers from Myingyan Township, Mandalay Region, are earning a handsome profit this season because of a spike in prices, according to sugarcane farmers from Sanpya Village.
With the US dollar depreciating against the Kyat, the price of the yellow metal in the domestic market has extended its drop to touch K1.18 million per tical, .............
The value of the border trade between Myanmar and neighboring Thailand increased slightly to US$1.59 billion as of 28 February in the current fiscal year from $1.54 billion registered in the corresponding period of the previous FY, according to data released by the Commerce Ministry.
The US dollar has been sliding against the Kyat in the local currency market, with the exchange rate dropping to K1,360 per dollar on 6 March, tracking the weak sentiment in the global market amid the coronavirus outbreak, said money exchangers.
