Myanma pearl production reaches 67% of set target

Popular pearls from Myeik islands.

The production of Myanmar pearl reached its target of 67 per cent and efforts will be made till it surpasses 100 per cent, according to the Myanma Pearl Enterprise.
In the seven months from April to the end of October of the financial year 2022-2023, a total weight of 699,500 momme (a momme equals 3.75 grammes) is targeted to be produced from domestic pearl production. A total of 792,298 pieces of pearl weighing 468,019.88 momme were produced during the seven months of the current financial year, indicating that 67 per cent of target production was completed. It is expected to exceed 100 per cent of the target production by the end of this financial year, according to the statistics of the Myanma Pearl Enterprise.
In the financial year 2020-2021, 128 per cent of cultured pearl production was achieved, creating employment opportunities for residents, according to the Ministry of Natural Resources and Environmental Conservation.
There is a total of 12 pearl culture sites — four foreign companies, seven local companies, and a state-owned pearl camp — that are joint ventures with the Myanma Pearl Enterprise in the Taninthayi Region. In the 2019-2020 financial year, a total of 1,290,076 pieces of pearl were produced while 1,034,217 pieces of pearl by eight companies until the end of July in the 2020-2021FY. The three companies and one state-owned company are still running the farms. Companies produced 337,912 pieces of pearl and the valuation and proportionate allocation were conducted under Subsection (a) of Section 25 of the Myanmar Pearl Law. The pieces of pearl exceeded the estimated production rate for the 2020-2021FY. — TWA/CT

Share this post
Hot News
Hot News
Over K3.2 bln earmarked for loans to farmers in Chin State in financial year 2024-25
School for the Blind to train playing musical instruments
Myanmar rice exports surpass US$712 mln in 11 months
Phase I of Shwedagon to Public Square underpass construction completed
Promotional video-shooting tour highlights Nay Pyi Taw, Bagan
ME to issue certificates of identity for undocumented migrant workers in Malaysia
MoALI Union Minister meets Myanmar Apiculture Association to boost honey production
MoC Deputy Minister attends EV charging station opening ceremony, inspects toll gates
SAC member attends 62nd anniversary of Peasants’ Day in Pathein
Tatmadaw denies arresting over 100 Muslims; Recruitment from Nay Pyi Taw and Mandalay