Myanmar’s Fish Feed Prices Sink, Soggy Chinese Market to Blame
SEAFOODNEWS.COM [Myanmar Business Today] By Tin Mg Oo - January 20, 2015
The waning demand from China is pulling down the prices of the raw materials for fish and shrimp feeds, Dr Thet Mhu, chairman of Myanmar Aqua-feed Association, said.
“Myanmar’s feed material market is inexorably linked with the border trade. Now, the Chinese have stopped buying rice bran but are still buying corn and broken rice,” he told a Myanmar Fisheries Federation’s (MFF) meeting.
Since China has officially banned rice imports through Myanmar borders in August, inspection measures on feed raw materials have also been heightened by the Chinese side and the exporters from Myanmar are also being scrutinised unlike the past...
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