Myanmar issues ban: prohibits short selling of beans

The announcement also warns that appropriate measures will be taken against those who continue to engage in such short selling and short buying operations in accordance with the association's regulations. The announcement was issued on November 11, following the resolution of a joint meeting held in the second week of November between the Myanmar Multi-Bean, Corn, and Sesame Merchants Association and the Yangon Division Merchants and Industrialists Association (Mang Ying Long Commodity Trading Station). It is understood that currently, Myanmar mainly exports various beans grown domestically to the Indian market and is making efforts to increase exports to existing markets rather than just seeking new ones. The exported beans include about 20 varieties such as black gram, mung beans, cowpeas, black-eyed peas, and butter beans. It is reported that in the 2025-2026 fiscal year, it is expected that exporting Myanmar ...