International News

You are here:Home - News - International News

Myanmar Suspends Beans Import from Sept. 15

Pubtime:2017-09-18Author:Source: Hits:

Ministry of Commerce of Myanmar announced on Sept. 8 to suspend importing various beans from Sept. 15 in order to stabilize domestic market since beans in domestic market are sufficient. The time of open-up will be decided according to domestic market demand. For that, U Khin Maung Lwin, secretary of Ministry of Commerce, said the remaining beans in domestic market of Myanmar are too many. Inventory of rye bean and pigeon pea is about 400,000t. Merchants have such requirement, so the decision of import suspension is decided. U MING GE WU, secretary general of Agricultural Products Association of Myanmar said since Secretary of Commerce said the Premier of India Narenda Modi will visit Myanmar, Myanmar will continue to negotiate with India on beans export to India. Later, the price of rye bean and pigeon pea dropped about 10,000 Kyat per ton in domestic market in one day.