Despite gold price dip to US$1,700 per ounce in global markets, the price of pure gold continues its gains at K2,060,000 per tical (0.578 ounce, or 0.016 kilogramme), according to Yangon Region Gold Entrepreneurs Association (YGEA).
Myanmar trucks are allowed to border-crossing through Muse to China under the driver-substitution system, cutting transport costs. Nevertheless, the country’s export sees a downtick.
The prices of black gram (urad in India) have a bumpy ride in July. The price reached the highest of K1,630,000 per tonne, according to the bean market.