Since the beginning of June, the price of sugar has risen slightly in the local market due to increased demand from China, said merchants based in Mandalay.
Merchants are currently selling sugar at a price of nearly K700,000 (US$586) per tonne in the local market, while the price of sugar in the Chinese market is 5,000 yuan ($838), said U Sein Tun, the general secretary of the Myanmar Sugar and Sugarcane Product Entrepreneurs Association. Approximately 20,000 bags of sugar entered the Muse border trade camp in the first week of June. The total weight of each bag is 50 kilos.
The price of sugar increased by K30 per viss (3.6 pounds) this month. The current selling price is between K1,140 and K1,150 per viss, said a shop owner.
Ye Lin Htet