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]
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
^Yi Yi Htwe (2008-10-06). . The Myanmar Times. Archived from the original on 2008-11-23.
^ abcThaik Zin (2009-08-31). . The Myanmar Times. Archived from the original on 2009-09-10.
^Tin Moe Aung (2007-04-09). . The Myanmar Times. Archived from the original on October 5, 2007.
^ abHtin Kyaw (2008-09-08). . The Myanmar Times. Archived from the original on 2008-09-21.
^ abHtin Kyaw (2008-10-06). . The Myanmar Times. Archived from the original on 2011-07-16.
Links
; accessed December 11, 2017.
May 01, 2023
bayinnaung, market, burmese, ရင, also, bayintnaung, market, located, northwestern, yangon, largest, agricultural, commodities, trading, market, myanmar, established, 1990, market, complex, consists, story, shop, houses, with, floor, areas, square, feet, only, . Bayinnaung Market Burmese ဘ ရင န င ဈ 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 Bayinnaung Marketဘ ရင န င ဈ LocationMayangon 11062 Yangon Yangon Division MyanmarCoordinates16 51 59 N 96 06 26 E 16 86639 N 96 10722 E 16 86639 96 10722 Coordinates 16 51 59 N 96 06 26 E 16 86639 N 96 10722 E 16 86639 96 10722Opening date1990 33 years ago 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 Retrieved from https en wikipedia org w index php title Bayinnaung Market amp oldid 946198576, wikipedia, wiki, book, books, library,
