China to invest USD 130 million in agriculture
A Chinese state-owned enterprise will invest in three agricultural centers around Myanmar valuing USD 130 million. The Chinese CITIC Construction Group will partner with the Myanmar Rice Federation (MRF) and the Myanmar Agribusiness Public Corporatio
Watermelon prices drop as Chinese demand falls
The price of watermelons, a main agricultural export, has dropped due to low demand from China. It is not the first agricultural export to suffer due to the fickle Chinese market, and may encourage farmers to improve growing standards to access buyer
Magway cattle prices drop
Falling demand from Chinese buyers has sent Magway region cattle prices into a slump. Cattle farmers at Magway’s Myothit cattle market have reported a price drop of as much as MMK 300,000 per animal, with fewer buyers than ever, reported Mizzim
Agreement backs both baht and kyat for border trade
Thailand and Myanmar signed a memorandum of understanding (MOU) supporting the use of both nations’ currencies for border trade. The October 21 announcement came just nine days before the opening of the second Thai-Myanmar Friendship Bridge, wh
Rice floor price to remain MMK 500,000 per basket
The Myanmar government will maintain its minimum rice price to protect farmers from market fluctuations. The rice floor price, or reference price, will remain at MMK 500,000 per basket through 2020. The announcement came from the Leading Committee fo
