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NEW UPDATES Asean Affairs  7 April  2015  







Online commodities exchange could help pulses trade

Myanmar, one of the largest exporters of pulses to India, has opened its first ever online commodity exchange Multi Commodity Exchange, reports the Hindu Business Line on April 1.

The exchange, which will be open 23 hours a day, seven days of the week, has partnered with SLCM Ltd, the wholly-owned subsidiary of Indian company Sohanlal Commodity Management, an accredited preferred warehouse service provider for tur, urad dals and other agro commodities by the exchange.

Promoted by the Pearl Group, the exchange offers trading in various commodity contracts across segments with initial focus on pulses and gold.

The exchange could lead to information clarity and help improve Myanmar’s pulses trade with India.

India imports about 3-4 million tonnes of pulses a year and it is expected to go up this year because of climatic reasons. The country imports tur and urad from Myanmar.

Traders expect the exchange would pave way for clarity on key information such as production and acreage which was missing all these years. India allows futures trading only in chana.

Myanmar Paddy Producer Association will regulate all the day-to-day functioning of the exchange to boost confidence of the participants in Myanmar. --mizzima



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This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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