China resumes purchase of Myanmar plum seeds amid favourable market

China has resumed buying plum seeds produced in Myanmar, and the market is currently good, according to the plum seed trading market.
“There is a plum seed trading market in Mandalay, and there are buyers from China. The sale is good occasionally and not good sometimes,” said Ko Lauk El, who runs a palm seed shop in Mandalay.
China buys plum seeds from Myanmar, mainly for use in traditional medicines, and there are also purchases from South Korea, according to plum seeds traders.
Plum seed exports to major buyers in China were halted in November 2023, and the price declined. The market was also quiet in October.
“Currently, there are Chinese buyers in the Mandalay market, so the trading has become regular again. It is expected that there will be regular purchases again. The market has been good. We trade plum seeds that are collected from other towns. The price is not stable,” said a plum seed trader.
In November last year, the price of the plum seed per viss was up to K70,000; however, the market price in March was roughly K60,000 per viss. — Thit Taw/ZS/ED