Mandalay to China rice exports dip
Rice exports from Mandalay to China have dropped to almost nil due to finance difficulties caused by China’s decision to freeze 132 bank accounts of Myanmar citizens on June 14, said rice traders in the border region.
The freezing of the bank accounts has caused difficulties in currency exchange and brought rice exports to China to a new low, which is unacceptable, U Sai Kyaw, secretary-general of the Rice Merchants Association of Mandalay, said Wednesday.
