CNI News

8 July 2026

Myanmar President U Min Aung Hlaing stated that the highest challenge they are facing is the soaring prices of commodities.

He made this remark during the Union Government meeting held on July 7, 2026.

President U Min Aung Hlaing said, "Economic growth is vital for national development, and our biggest challenge is the high commodity prices. This situation is driven by an imbalance between supply and demand, as well as high production costs. These elevated production costs are a direct consequence of currency value fluctuations. Therefore, it is absolutely essential to work toward boosting domestic production."

He further noted that only an increase in domestic products would yield export goods, which in turn generate the foreign currency needed to fund imports. The President emphasized that commodity prices can only be mitigated to some extent if the country’s income and expenditures are balanced. Consequently, he urged ministries as well as regional and state governments to focus their efforts on accelerating production.

 Minister for Commerce U Tun Ohn.

Currently, intense fighting persists in Myanmar between the Myanmar Military and ethnic armed organizations, which has brought border trade to a standstill.

As a result, consumer goods, medicines, construction materials, motor vehicle spare parts, electronic goods, and telecommunications equipment are being imported from neighboring countries through illegal channels, requiring multi-layered financial payouts.

The new government is actively launching a 100-day plan to crack down heavily on and take legal action against this illicit trade.

Due to these circumstances, the general public in Myanmar continues to bear the brunt of skyrocketing commodity prices.