November 21, 2016

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Sugar re-export to China earns over US$677million in seven months

A woman prepares sugar-canes to plant in Nay Pyi Taw. Photo: AMS
A woman prepares sugar-canes to plant in Nay Pyi Taw. Photo: AMS

Sugar re-export to China over the past seven months in this fiscal year 2016-2017 earned over US$677million when that in the similar period of last fiscal year got only US$28.007million, according to the statistics of the Commerce Ministry.
Sugar is imported mostly from sugar producing countries like Thailand and India, and Myanmar re-exported them to China because Myanmar sugar mill owners produce sugar mainly for the local market as Myanmar sugar does not look appealing and not meet export quality for lack of advanced refining machinery.
The Commerce Ministry will also verify and approve the proposals concerning the commodities which can be re-exported, it is learnt.
The external trade value in this fiscal year is expected to reach US$31billion. Therefore, concerted efforts are being exerted to meet a target.—Ko Htet

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