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July 04, 2020

Exports of cattle, animal products decline in current FY

Myanmar’s exports of animal products between 1 October and 20 December in the current fiscal year touched a low of US$44.65 million, a sharp drop of $102.9 million compared with the corresponding period of the 2018-2019FY, when livestock trade was suspended by China.
In the previous fiscal, animal products exports were registered at $147.56 million.
Animal products exports are mainly driven by the private sector, with income from the public sector amounting to less than $1 million. At present, cattle exports to China are on the decline owing to suspension of trade by China even though the Chinese New Year is approaching, said cattle exporters.
Normally, a large cow is valued at over K1.6-2.3 million, but last year, the suspension of trade led to Chinese traders resorting to price manipulation and offering a lower price of about K1 million.
Myanmar has held a series of negotiations with China at the Joint Border Trade Cooperation and Coordinating Committee (JBTCC) meetings on legal exports of cattle along with cross-border control of communicable diseases.
While cattle exports are legal in Myanmar, livestock trade is still not permitted by China, according to the Myanmar Livestock Federation. Myanmar, which allowed livestock trade in late 2017, is now exploring new export markets for cattle.
The country exports cattle that are above five years old along with vaccination certificates, health certificates, and farming registration certificates According to the 2018 cattle census, there are 11.5 million heads of cattle in the country.
Between the 2017-2018FY and the month of October in the current FY, over 460,000 heads of cattle, with an estimated value of over $581 million, have been exported to China through Muse, according to trade figures.
The authorities have issued cattle export licenses to more than 300 companies in Magway region. There are around 5,000 companies holding cattle export licenses across the country. —Ko Htet (Translated by EMM)

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