Wednesday, 12 March 2014

Muse lacking warehouses to store goods

Traders are selling goods at cute-rate prices offered by the Chinese in the northern border town of Muse because of a lack of storage facilities, according to the Myanmar Rice Federation (MRF).

Rice and maize are send to Muse from Bago, Yangon and Ayeyawady regions but often has to be sold immediately otherwise it may go bad. More than 70 percent of land exports currently go through Muse.

“We need big warehouses which can store up to 30,000 bags of goods as much as we can. It depends on the weather conditions. We can’t store the goods for a long time, so we can’t wait for the price to increase. Mostly we have to sell the price which the Chinese offered for the goods,” said Chan Thar Oo, vice president of the MRF Muse branch.

The MRF and Myanmar Agriculture Public Corporation (MAPCO) discussed the problem at a meeting on March 6 and will look into building more warehouses depending on the availability of land plots.

source: Eleven Myanmar
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