GNLM – Myanmar Daily News, Myanmar Latest News, Myanmar News Today

NATIONAL NEWS

Peanut oil price dips below K9,500

October 06, 2022

The prices of peanut and sesame seeds slid to K9,000-9,500 per viss (a viss equals 1.6 kilogrammes), according to the […]

Hot News
Hot News
6 October 2022
6 Oct 22 gnlm
Hanthawady crash ISPE 3-1 in MNL Week 14
20
Hanthawady United’s Win Moe Kyaw (red) intercepts the ball amidst opponents during the Week 14 match of the Myanmar National League against ISPE FC at Thuwunna Stadium in Yangon on 5 October 2022.  PHOTO: MNL
Peanut oil price dips below K9,500
NATIONAL NEWS
Six-wheeler overturns leaving 7 dead, 21 injured
16
The overturned vehicle in the aftermath of accident.
Over 4,200 tonnes of cement worth US$0.338 million imported via border trade
19
Freight lorries are pictured on the Thailand-Myanmar border.
Over 2 mln gallons of fuel oil unloaded at terminals of Thilawa Port
18
MT Intan Premium loaded with fuel oil is seen approaching a terminal.
Try to develop a blue economy for the State
Articles
Myanmar food manufacturers need to seek mandatory GACC registration
LOCAL NEWS
Rubber fetches about K1,400 per pound during tapping season
15
The price of rubber stands at around K1,400 per pound during the tapping season, rubber traders said. The sun-dried rubber sheet (Local 3) is priced at K1,470 per pound while Ribbed Smoked Sheet (Local 3) is worth K1,390 per pound, according to Mawlamyine Commodity Centre. Last year, the price of rubber was only K1,000 when the tapping season commenced. This year, the prices of rubber were K1,400-1,500 per pound. Starting from the third week of September, rubber sap collection businesses have begun. Yet, rubber farm owners are facing shortages of skilled workers and low yield during the beginning of the season, the farm owners said. Global demand for rubber, rubber production of the Southeast Asian nations and their market supply are contributing factors to the rubber price condition of Myanmar. The rubber price in Mon State, a major rubber producing state in Myanmar, is positively related to those facts as well, the traders elaborated. Rubber is commonly produced in Mon and Kayin states and Taninthayi, Bago, and Yangon regions in Myanmar. As per 2018-2019 rubber season data, there are over 1.628 million acres of rubber plantations in Myanmar, with Mon State accounting for 497,153 acres, followed by Taninthayi Region with 348,344 acres and Kayin State with 270,760 acres. About 300,000 tonnes of rubber are produced annually across the country. Seventy per cent of rubber produced in Myanmar goes to China. It is also shipped to Singapore, Indonesia, Malaysia, Viet Nam, the Republic of Korea, India, Japan, and other countries. Myanmar bagged more than US$449 million in revenue in rubber exports in the previous financial year 2020-2021. — NN/GNLM
Kyat-dollar exchange rate rebounds to above K3,000
14
The office of the Central Bank of Myanmar.