The recent snow storm in China, a major destination of Myanmar fruits, is reducing the fruit demand in the market, according to fruit merchants.
“As there is currently a snow storm in China, the market is declining. Our trade route is through Mongla or Bhamo, and their market prices are different. Current falling prices don’t meet our expectations. We will have to wait for a week,” said a fruit trader.
Under the current circumstances, Myanmar goods are exported to China via the eastern Shan route.
“It will take more days if you choose the Mongla route. The fruit will be rotten, not fresh and the tonnage sold will be small. But, since there are many buyers, the price can be raised. When we export via Bhamo-Lwejel route, fresh fruits can be sold and sale tonnage will be big. As there are fewer buyers, the price will not be as good as in Mongla. But, it will cost less than the Mongla’s route,” he added.
Therefore, fruit traders are reportedly waiting for the right time for Chinese demand to pick up.
MT/ZN
