Female workers processing seafood at a cold storage facility.
Business news / Business-Local news - Thu, 14-Aug-2025
Myanmar is steadily exporting seafood to 40 countries, including China, Thailand, Bangladesh and Japan, through maritime routes and land borders.

Myanmar exported more than 81,000 tonnes of fish in the past four months of the current financial year 2025-2026, beginning 1 April, earning US$96 million, according to the Department of Fisheries.
Myanmar delivered over 45,900 tonnes of fish by sea, with an estimated value of $67 million. Over 35,000 tonnes of fish worth $29 million were exported to neighbouring countries via the border channel.

Myanmar is steadily exporting seafood to 40 countries, including China, Thailand, Bangladesh and Japan, through maritime routes and land borders.

Myanmar exported more than 81,000 tonnes of fish in the past four months of the current financial year 2025-2026, beginning 1 April, earning US$96 million, according to the Department of Fisheries.
Myanmar delivered over 45,900 tonnes of fish by sea, with an estimated value of $67 million. Over 35,000 tonnes of fish worth $29 million were exported to neighbouring countries via the border channel.
Myanmar’s fish export amounted to $421 million from about 400,000 tonnes in the previous FY 2024-2025 (April-March).
Myanmar steadily ships seafood to 40 countries, including China, Thailand, Bangladesh and Japan, through maritime and border trade channels.
Seafood, including hilsa, rohu, catfish, seabass, eel, shrimp and crab, is exported to foreign markets, according to the Myanmar Fisheries Federation. There are over 140 fishery cold storage facilities, and the department grants annual licence renewals. — NN/KK

GNLM

Myanmar is steadily exporting seafood to 40 countries, including China, Thailand, Bangladesh and Japan, through maritime routes and land borders.

Myanmar exported more than 81,000 tonnes of fish in the past four months of the current financial year 2025-2026, beginning 1 April, earning US$96 million, according to the Department of Fisheries.
Myanmar delivered over 45,900 tonnes of fish by sea, with an estimated value of $67 million. Over 35,000 tonnes of fish worth $29 million were exported to neighbouring countries via the border channel.
Myanmar’s fish export amounted to $421 million from about 400,000 tonnes in the previous FY 2024-2025 (April-March).
Myanmar steadily ships seafood to 40 countries, including China, Thailand, Bangladesh and Japan, through maritime and border trade channels.
Seafood, including hilsa, rohu, catfish, seabass, eel, shrimp and crab, is exported to foreign markets, according to the Myanmar Fisheries Federation. There are over 140 fishery cold storage facilities, and the department grants annual licence renewals. — NN/KK

GNLM

Myanmar, Russia in talks to set up trading house
Business news / Business-Local news - Thu, 14-Aug-2025

The director-general of the Myanmar Trade Promotion Organization (MyanTrade) received Mr Konstantin Kanarev, Trade Representative of the Russian Federation to Myanmar, at the Myanmar International Trade Centre of MyanTrade on 11 August 2025 and discussed establishing a trading house to facilitate bilateral trade between Myanmar and Russia.

The director-general of the Myanmar Trade Promotion Organization (MyanTrade) received Mr Konstantin Kanarev, Trade Representative of the Russian Federation to Myanmar, at the Myanmar International Trade Centre of MyanTrade on 11 August 2025 and discussed establishing a trading house to facilitate bilateral trade between Myanmar and Russia.
The meeting highlighted export potential for agricultural produce from Myanmar to Russia, possible import items from Russia, agricultural produce, market conditions, trade procedures, and establishing a trading house to accelerate trade cooperation between the two countries.
MyanTrade, under the Ministry of Commerce, held a virtual meeting on 28 July regarding the export of Myanmar mango pulp to Russia. Russia primarily imports mango pulp from India. They want to import 10,000 tonnes of mango pulp from India. MyanTrade will link Russian buyers with Myanmar dried mango and mango pulp suppliers.
Business entities also discussed challenges and collaboration matters with Russian buyers to boost dried mango and mango pulp exports.
Afterwards, MyanTrade held a hybrid meeting on 28 July for the exportation of Myanmar’s high-grade coffee to Russia.
The meeting focused on coffee cultivation to export high-grade coffee, production situation, coffee market outlook in Russia and potential coffee varieties, in the presence of MyanTrade officials, Myanmar’s economic counsellor in Russia, and representatives of the Myanmar Coffee Association and coffee suppliers.
MyanTrade, the Ministry of Agriculture, Livestock and Irrigation and the economic counsellor in Russia will coordinate the needs for coffee export to Russia. — NN/KK

GNLM

The director-general of the Myanmar Trade Promotion Organization (MyanTrade) received Mr Konstantin Kanarev, Trade Representative of the Russian Federation to Myanmar, at the Myanmar International Trade Centre of MyanTrade on 11 August 2025 and discussed establishing a trading house to facilitate bilateral trade between Myanmar and Russia.
The meeting highlighted export potential for agricultural produce from Myanmar to Russia, possible import items from Russia, agricultural produce, market conditions, trade procedures, and establishing a trading house to accelerate trade cooperation between the two countries.
MyanTrade, under the Ministry of Commerce, held a virtual meeting on 28 July regarding the export of Myanmar mango pulp to Russia. Russia primarily imports mango pulp from India. They want to import 10,000 tonnes of mango pulp from India. MyanTrade will link Russian buyers with Myanmar dried mango and mango pulp suppliers.
Business entities also discussed challenges and collaboration matters with Russian buyers to boost dried mango and mango pulp exports.
Afterwards, MyanTrade held a hybrid meeting on 28 July for the exportation of Myanmar’s high-grade coffee to Russia.
The meeting focused on coffee cultivation to export high-grade coffee, production situation, coffee market outlook in Russia and potential coffee varieties, in the presence of MyanTrade officials, Myanmar’s economic counsellor in Russia, and representatives of the Myanmar Coffee Association and coffee suppliers.
MyanTrade, the Ministry of Agriculture, Livestock and Irrigation and the economic counsellor in Russia will coordinate the needs for coffee export to Russia. — NN/KK

GNLM

Myanmar hilsa targets Indian market
Business news / Business-Local news - Wed, 13-Aug-2025

Myanmar’s Fisheries Department stated that India is likely to bring in a large volume of Myanmar’s hilsa.
Myanmar’s hilsa is primarily exported to India, Thailand, Japan, Singapore and the UAE. India is expected to emerge as the top importing country of Myanmar’s hilsa.

Myanmar’s Fisheries Department stated that India is likely to bring in a large volume of Myanmar’s hilsa.
Myanmar’s hilsa is primarily exported to India, Thailand, Japan, Singapore and the UAE. India is expected to emerge as the top importing country of Myanmar’s hilsa.
“There is a high consumption of Myanmar’s hilsa in India. High local demand prompts India’s buyers to import Myanmar’s hilsa increasingly. Consumers from Kolkata, India, prefer Myanmar’s hilsa, raising demand. Therefore, there is a potential for India to raise the purchase order,” said an official of the Department of Fisheries.
Myanmar shipped over 100,000 tonnes of hilsa in the first quarter of the current financial year 2025-2026, beginning 1 April. The department is ensuring sustainable production of seafood, including hilsa, by establishing sanctuaries in critical breeding areas in Toe, Bogalay, Pyanmalot and Yway distributaries.
A fishing ban is practised yearly from 15 September to 15 October in those distributaries. Raising awareness on the hilsa fishing close season and warnings are also being undertaken. — ASH/KK

GNLM

Myanmar’s Fisheries Department stated that India is likely to bring in a large volume of Myanmar’s hilsa.
Myanmar’s hilsa is primarily exported to India, Thailand, Japan, Singapore and the UAE. India is expected to emerge as the top importing country of Myanmar’s hilsa.
“There is a high consumption of Myanmar’s hilsa in India. High local demand prompts India’s buyers to import Myanmar’s hilsa increasingly. Consumers from Kolkata, India, prefer Myanmar’s hilsa, raising demand. Therefore, there is a potential for India to raise the purchase order,” said an official of the Department of Fisheries.
Myanmar shipped over 100,000 tonnes of hilsa in the first quarter of the current financial year 2025-2026, beginning 1 April. The department is ensuring sustainable production of seafood, including hilsa, by establishing sanctuaries in critical breeding areas in Toe, Bogalay, Pyanmalot and Yway distributaries.
A fishing ban is practised yearly from 15 September to 15 October in those distributaries. Raising awareness on the hilsa fishing close season and warnings are also being undertaken. — ASH/KK

GNLM

Agriculture and Irrigation: Visiting vineyards and dam in Yamethin Township
Business news / Business-Local news - Mon, 11-Aug-2025

Union Minister for Agriculture, Livestock and Irrigation U Min Naung visited the vineyards in YwarTan village-tract on Yamethin Township in Mandalay Region on Sunday. During the meeting with farmers, the Union Minister urged them to cultivate grape not only for consuming but also for wine producing. 

Union Minister for Agriculture, Livestock and Irrigation U Min Naung visited the vineyards in YwarTan village-tract on Yamethin Township in Mandalay Region on Sunday. During the meeting with farmers, the Union Minister urged them to cultivate grape not only for consuming but also for wine producing. 

He also outlined the implementation of contract farming system through collaboration between farmers and wine entrepreneurs for wider market opportunities. The Union Minister stressed the need to strive for cultivation of targeted cotton acres in Yamethin area, ensuring the expected yield.

Then, the Directors General presented the technical issues to be abided by the respective sectors and the Union Minister coordinated the needs. Later, the Union Minister arrived at LePhyu Dam where he instructed for implementation of dredging works with the use of regional government fund and arrangement for construction new dam if needed. He also observed the water inflow of KyeeNiKan and supplying irrigated water to the catchment area.

mitv

Union Minister for Agriculture, Livestock and Irrigation U Min Naung visited the vineyards in YwarTan village-tract on Yamethin Township in Mandalay Region on Sunday. During the meeting with farmers, the Union Minister urged them to cultivate grape not only for consuming but also for wine producing. 

He also outlined the implementation of contract farming system through collaboration between farmers and wine entrepreneurs for wider market opportunities. The Union Minister stressed the need to strive for cultivation of targeted cotton acres in Yamethin area, ensuring the expected yield.

Then, the Directors General presented the technical issues to be abided by the respective sectors and the Union Minister coordinated the needs. Later, the Union Minister arrived at LePhyu Dam where he instructed for implementation of dredging works with the use of regional government fund and arrangement for construction new dam if needed. He also observed the water inflow of KyeeNiKan and supplying irrigated water to the catchment area.

mitv

Premium grapes shipping from central Japan

Farmers in central Japan have begun harvesting and shipping premium grapes known as Shine Muscat. Deliveries of outdoor-grown Shine Muscat began on Friday at an agricultural cooperative in Yamanashi City.

Other large grape varieties were being shipped as well, including Pione and Queen Nina. The local agricultural cooperative said outdoor-grown Shine Muscat harvested in the area makes up about a quarter of nationwide yields. It expects to ship about 5,100 tons this year.

mitv

Farmers in central Japan have begun harvesting and shipping premium grapes known as Shine Muscat. Deliveries of outdoor-grown Shine Muscat began on Friday at an agricultural cooperative in Yamanashi City.

Other large grape varieties were being shipped as well, including Pione and Queen Nina. The local agricultural cooperative said outdoor-grown Shine Muscat harvested in the area makes up about a quarter of nationwide yields. It expects to ship about 5,100 tons this year.

mitv

Farmers in central Japan have begun harvesting and shipping premium grapes known as Shine Muscat. Deliveries of outdoor-grown Shine Muscat began on Friday at an agricultural cooperative in Yamanashi City.

Other large grape varieties were being shipped as well, including Pione and Queen Nina. The local agricultural cooperative said outdoor-grown Shine Muscat harvested in the area makes up about a quarter of nationwide yields. It expects to ship about 5,100 tons this year.

mitv

Pistachio Exports Hit All-Time Record

In a record-breaking year for Turkiye’s prized agricultural product, pistachio exports reached an all-time high in the first seven months of 2025. The Southeast Anatolia Region, home to more than 300,000 families who depend on pistachio farming, generated $132.5 million in exports between January and July—marking the highest figure ever recorded for this period.

In a record-breaking year for Turkiye’s prized agricultural product, pistachio exports reached an all-time high in the first seven months of 2025. The Southeast Anatolia Region, home to more than 300,000 families who depend on pistachio farming, generated $132.5 million in exports between January and July—marking the highest figure ever recorded for this period.

Often referred to as “Turkiye’s green gold,” Antep pistachios continue to play a vital role in supporting both the national economy and local producers. Compared to the same period last year, exports saw a remarkable 27.8% increase. The industry’s target is to reach $250 million in exports by the end of 2025.

mitv

In a record-breaking year for Turkiye’s prized agricultural product, pistachio exports reached an all-time high in the first seven months of 2025. The Southeast Anatolia Region, home to more than 300,000 families who depend on pistachio farming, generated $132.5 million in exports between January and July—marking the highest figure ever recorded for this period.

Often referred to as “Turkiye’s green gold,” Antep pistachios continue to play a vital role in supporting both the national economy and local producers. Compared to the same period last year, exports saw a remarkable 27.8% increase. The industry’s target is to reach $250 million in exports by the end of 2025.

mitv

Bank of England cuts interest rate to 4 pct, lowest in over 2 years

The Bank of England (BoE) announced on Thursday a cut to its benchmark interest rate from 4.25 percent to 4 percent, the lowest level in more than two years, to boost the weakening British economy. The BoE's Monetary Policy Committee voted 5-4 in favour of the quarter-point reduction. British Chancellor of the Exchequer Rachel Reeves welcomed the rate cut. She posted on social media that the cut brings down the cost of mortgages and loans across the UK.

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The Bank of England (BoE) announced on Thursday a cut to its benchmark interest rate from 4.25 percent to 4 percent, the lowest level in more than two years, to boost the weakening British economy. The BoE's Monetary Policy Committee voted 5-4 in favour of the quarter-point reduction. British Chancellor of the Exchequer Rachel Reeves welcomed the rate cut. She posted on social media that the cut brings down the cost of mortgages and loans across the UK.

mitv

The Bank of England (BoE) announced on Thursday a cut to its benchmark interest rate from 4.25 percent to 4 percent, the lowest level in more than two years, to boost the weakening British economy. The BoE's Monetary Policy Committee voted 5-4 in favour of the quarter-point reduction. British Chancellor of the Exchequer Rachel Reeves welcomed the rate cut. She posted on social media that the cut brings down the cost of mortgages and loans across the UK.

mitv

Launching Digital Platform : Digital Platform for Oil Distribution launched

A Launching Ceremony for the Digital Platform-based Edible Oil Distribution System was held at the conference hall of the Ministry of Commerce in Nay Pyi Taw on August 7, to ensure that the edible oil transported from the Yangon palm oil storage tank to regions and states, including the Naypyidaw Union Territory, to arrive with the specified quality and quantity within the set timeframe and to supervise the edible oil distribution process.

A Launching Ceremony for the Digital Platform-based Edible Oil Distribution System was held at the conference hall of the Ministry of Commerce in Nay Pyi Taw on August 7, to ensure that the edible oil transported from the Yangon palm oil storage tank to regions and states, including the Naypyidaw Union Territory, to arrive with the specified quality and quantity within the set timeframe and to supervise the edible oil distribution process.

The Union Minister for Commerce U Chit Swe, attended and delivered a speech. In his speech, Union Minister U Chit Swe stated that the new digital platform-based edible oil distribution system must be used for supervision. He emphasized the need to successfully implement the system down to the retail level in the Nay Pyi Taw Union Territory and then extend it to other regions and states.

Following this, the Director-General of the Department of Consumer Affairs explained the reasons for implementing the new system, while the Chairman of the Myanmar Edible Oil Dealers and Manufacturers Association presented on the status of their collaborative efforts.

Afterwards, the Union Minister, Deputy Ministers, Joint Secretary of the Central Committee on Ensuring Smooth Flow of Trade and Goods, and a member of the Nay Pyi Taw Council officially opened the ceremony by cutting the ribbon. During the event, a representative from the technology company Capital Connect Limited gave a video presentation on the Edible Oil System for supervising distribution.

A representative from Taw Win Ekarit Company then explained the condition to monitor edible oil transportation in real time by using GPS and CCTV. Attendees were able to ask questions and discuss their queries.

mitv
 

A Launching Ceremony for the Digital Platform-based Edible Oil Distribution System was held at the conference hall of the Ministry of Commerce in Nay Pyi Taw on August 7, to ensure that the edible oil transported from the Yangon palm oil storage tank to regions and states, including the Naypyidaw Union Territory, to arrive with the specified quality and quantity within the set timeframe and to supervise the edible oil distribution process.

The Union Minister for Commerce U Chit Swe, attended and delivered a speech. In his speech, Union Minister U Chit Swe stated that the new digital platform-based edible oil distribution system must be used for supervision. He emphasized the need to successfully implement the system down to the retail level in the Nay Pyi Taw Union Territory and then extend it to other regions and states.

Following this, the Director-General of the Department of Consumer Affairs explained the reasons for implementing the new system, while the Chairman of the Myanmar Edible Oil Dealers and Manufacturers Association presented on the status of their collaborative efforts.

Afterwards, the Union Minister, Deputy Ministers, Joint Secretary of the Central Committee on Ensuring Smooth Flow of Trade and Goods, and a member of the Nay Pyi Taw Council officially opened the ceremony by cutting the ribbon. During the event, a representative from the technology company Capital Connect Limited gave a video presentation on the Edible Oil System for supervising distribution.

A representative from Taw Win Ekarit Company then explained the condition to monitor edible oil transportation in real time by using GPS and CCTV. Attendees were able to ask questions and discuss their queries.

mitv
 

Foreign pharma giants announce major Mexico investments

Pharma giants AstraZeneca, Bayer and Boehringer Ingelheim on Thursday announced investments in Mexico worth hundreds of millions of dollars, despite trade tensions between the country and the United States. Britain's AstraZeneca and Germany's Bayer and Boehringer Ingelheim, together with Mexico's own Carnot Laboratories, unveiled plans to plough a combined $600 million into their Mexican operations.

Pharma giants AstraZeneca, Bayer and Boehringer Ingelheim on Thursday announced investments in Mexico worth hundreds of millions of dollars, despite trade tensions between the country and the United States. Britain's AstraZeneca and Germany's Bayer and Boehringer Ingelheim, together with Mexico's own Carnot Laboratories, unveiled plans to plough a combined $600 million into their Mexican operations.

The announcement comes as Mexico scrambles to avert a 30-percent tariff on many of its exports to the United States, which had been meant to take effect last week but which Trump agreed to delay by 90 days.

mitv
 

Pharma giants AstraZeneca, Bayer and Boehringer Ingelheim on Thursday announced investments in Mexico worth hundreds of millions of dollars, despite trade tensions between the country and the United States. Britain's AstraZeneca and Germany's Bayer and Boehringer Ingelheim, together with Mexico's own Carnot Laboratories, unveiled plans to plough a combined $600 million into their Mexican operations.

The announcement comes as Mexico scrambles to avert a 30-percent tariff on many of its exports to the United States, which had been meant to take effect last week but which Trump agreed to delay by 90 days.

mitv
 

Myanmar’s areca nut exports to India soar in FY2024-25

Myanmar’s areca nut export to India showed a substantial increase in the 2024-2025 financial year (April-March), according to the Economic Attaché in Kolkata, citing a report by The Hindu Business Line.
According to the statistics provided by the lower House of India’s Parliament, the value of areca nut exports to India by Myanmar and Bangladesh surged last FY. Jitin Prasada, Union Minister of State for the Ministry of Commerce and Industry, submitted a letter describing the areca nut import between 2021-2022 FY and 2024-2025 FY to the parliament.

Myanmar’s areca nut export to India showed a substantial increase in the 2024-2025 financial year (April-March), according to the Economic Attaché in Kolkata, citing a report by The Hindu Business Line.
According to the statistics provided by the lower House of India’s Parliament, the value of areca nut exports to India by Myanmar and Bangladesh surged last FY. Jitin Prasada, Union Minister of State for the Ministry of Commerce and Industry, submitted a letter describing the areca nut import between 2021-2022 FY and 2024-2025 FY to the parliament.
India’s area nut imports from Myanmar hit US$15.6 million in FY 2023-2024, and the import value edged up to $33.2 million in FY 2024-2025.
Similarly, the value of areca nut imports from Bangladesh also went up to $53.06 million in FY 2024-2025 from $13.29 million in FY 2023-2024.
India’s areca nut import amounted to $143.45 million in FY 2024-2025, $147.99 million in FY 2023-2024 FY and $90.18 million in FY 2021-2022.
Chinese demand for Myanmar’s soft, fresh and moist areca nuts is on an upward trajectory. Myanmar’s areca nut market has become widespread. There is competitive pricing in the market. The conical-shaped nuts, rather than round ones, are mostly traded. After baking the soft areca nuts with heat, they are exported to China. Areca nut is one of the core components in betel chewing practice locally, along with other ingredients like betel leaves, slaked lime and tobacco. — NN/KK

Myanmar’s areca nut export to India showed a substantial increase in the 2024-2025 financial year (April-March), according to the Economic Attaché in Kolkata, citing a report by The Hindu Business Line.
According to the statistics provided by the lower House of India’s Parliament, the value of areca nut exports to India by Myanmar and Bangladesh surged last FY. Jitin Prasada, Union Minister of State for the Ministry of Commerce and Industry, submitted a letter describing the areca nut import between 2021-2022 FY and 2024-2025 FY to the parliament.
India’s area nut imports from Myanmar hit US$15.6 million in FY 2023-2024, and the import value edged up to $33.2 million in FY 2024-2025.
Similarly, the value of areca nut imports from Bangladesh also went up to $53.06 million in FY 2024-2025 from $13.29 million in FY 2023-2024.
India’s areca nut import amounted to $143.45 million in FY 2024-2025, $147.99 million in FY 2023-2024 FY and $90.18 million in FY 2021-2022.
Chinese demand for Myanmar’s soft, fresh and moist areca nuts is on an upward trajectory. Myanmar’s areca nut market has become widespread. There is competitive pricing in the market. The conical-shaped nuts, rather than round ones, are mostly traded. After baking the soft areca nuts with heat, they are exported to China. Areca nut is one of the core components in betel chewing practice locally, along with other ingredients like betel leaves, slaked lime and tobacco. — NN/KK