Friday 10 May 2013

Chinese buyers suddenly stop buying Myanmar’s onions

Myanmar’s trucks with full load of onions and garlic to export to China have piled up in Muse, a border town, as Chinese suddenly stopped buying these goods since May 6, according to official sources.


“About 100 trucks piled up there waiting for Chinese buying” said Khin Han, the vice-chairman for Myanmar Onion, Garlic and Culinary Crops Production and Exporting Association.

It’s not still clear why they suddenly stopped buying, he added.

Ministry of Commerce has officially allowed exporting onions and garlic to foreign countries and it doesn’t make any banning on the exports for the time being, he said.

Myanmar also exports the culinary crops to Malaysia and Indonesia as well as China.

“We don’t stop exporting them. But the export trucks piled up in Muse as Chinese buyers suddenly stopped buying. [Some] said they stopped buying for a while they got new produces there,” Khin Han said.

An average of 20 trucks arrive in the town every day carrying their loads of onions and garlic produced all across the country through Mandalay, the second-largest city and the economic hub of Upper Myanmar.

Currently local trade of the crops stands still due to the stop.

“From last Sunday Chinese buyers abruptly stopped buying. Mandalay buyers also stopped buying the crops as a result. In Yangon, its price could go down here if their stocks pile up in local markets,” said Tin Aung Min, a local trader.

“About 100 trucks piled up there waiting for Chinese buying” said Khin Han, the vice-chairman for Myanmar Onion, Garlic and Culinary Crops Production and Exporting Association.

It’s not still clear why they suddenly stopped buying, he added.

Ministry of Commerce has officially allowed exporting onions and garlic to foreign countries and it doesn’t make any banning on the exports for the time being, he said.

Myanmar also exports the culinary crops to Malaysia and Indonesia as well as China.

“We don’t stop exporting them. But the export trucks piled up in Muse as Chinese buyers suddenly stopped buying. [Some] said they stopped buying for a while they got new produces there,” Khin Han said.

An average of 20 trucks arrive in the town every day carrying their loads of onions and garlic produced all across the country through Mandalay, the second-largest city and the economic hub of Upper Myanmar.

Currently local trade of the crops stands still due to the stop.

“From last Sunday Chinese buyers abruptly stopped buying. Mandalay buyers also stopped buying the crops as a result. In Yangon, its price could go down here if their stocks pile up in local markets,” said Tin Aung Min, a local trader.

source: Eleven Myanmar

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