Bayinnaung Market (Burmese: ဘုရင့်နောင်ဈေး; also Bayintnaung Market), located in northwestern Yangon, is the largest agricultural commodities trading market in Myanmar. Established in 1990, the market complex consists of two-story shop houses with floor areas of 1,200 and 2,400 square feet (110 and 220 m2). It is the only legally permitted wholesale center of beans and pulses in the country, which exported 1.34 million tonnes of beans and pulses in 2007 for a total value of US$750 million.[1][2]
| ဘုရင့်နောင်ဈေး | |
 | |
| Location | Mayangon 11062, Yangon Yangon Division, Myanmar |
|---|---|
| Coordinates | 16°51′59″N 96°06′26″E / 16.86639°N 96.10722°E |
| Opening date | 1990 |
Matpe is the most common bean and pulse export at the market.[3]
In August 2009, about 4000 tonnes of matpe, green mung, pigeon peas and chickpeas were traded daily.[2] The market is the main wholesale center of dried fish and prawns for mainly domestic markets. The market is at the center of the planned Internet-based commodities information network that will link all of the country's wholesale commodity exchange centers, to achieve consistent pricing and operations in line with international market prices.[4][5]
Myanmar's wholesale commodity exchanges are currently only connected by telephone.[4] As of October 2008, only Banyinnaung has the system, which displays local prices for beans and pulses in real time. Domestic and international prices for edible oil crops, onions, garlic, potatoes, chili are expected to be added soon.[5] Since August 2009, the Myanmar Pulses, Beans and Sesame Seed Merchants’ Association requires that all domestic and international transactions be concluded here at Bayinnaung Market.[2]
References
edit- ^ Yi Yi Htwe (2008-10-06). "Bank, exporters gamble on higher prices". The Myanmar Times. Archived from the original on 2008-11-23.
- ^ a b c Thaik Zin (2009-08-31). "Beans and pulses markets level out". The Myanmar Times. Archived from the original on 2009-09-10.
- ^ Tin Moe Aung (2007-04-09). "Beans and pulses traders anticipate export price rise". The Myanmar Times. Archived from the original on October 5, 2007.
- ^ a b Htin Kyaw (2008-09-08). "No completion date set for comms trading network". The Myanmar Times. Archived from the original on 2008-09-21.
- ^ a b Htin Kyaw (2008-10-06). "Bayintnaung launches E-information system". The Myanmar Times. Archived from the original on 2011-07-16.
Links
editBurma Markets Information Daily; accessed December 11, 2017.