Thursday, January 17, 2013

Eel and crab to trade by tender at Sino-Burmese border

Thursday, 17 January 2013 00:00 Khin Myo Thwe

The sale of eel and crab at the Sino-Burmese border will be extended from a free price system to include bids by tender.

“Beginning on January 21, the eel and crabs will be sold by tender, as well as the existing free price system, through the Muse border and Chin Shwe Haw border trade point,” said Chairman Hnin Oo of the Myanmar Crab Sellers Association.

Since 1996, Burma’s eel and crab was generally sold to Chinese merchants at Muse through a straightforward free price system, meaning that it was sold according to the dynamics of supply and demand.

Currently, two main Burmese firms—National Development Company Ltd Myanmar and Hein Nadi Aung Company—conduct most of the eel and crab trade at Muse, while several other companies—Shwe Kwon Lone, Thisar Moe, Shin Yee Tar, Shwe Lout Kai and Mandalay-based Tine Chit Tun Company—send their eels and crabs through the Chin Shwe Haw border trade point.

“With a tender system, the prices will not go up and down so much,” said Tun Lin, the managing director of Hein Nadi Aung Company. “However, most sellers prefer a free price system where there is no illegal trade.”
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