High prices are the biggest challenge

President U Min Aung Hlaing said that economic development is important in the country's development, and the biggest challenge for them is high commodity prices. The President made the following statement at the Union Cabinet meeting held at the Union Cabinet meeting hall. It is said that the high price of goods is due to the imbalance of supply and demand and the high cost of manufacturing, and the high cost of manufacturing is due to the consequences of changes in currency value. Therefore, it is mandatory to take measures to increase domestic manufacturing, and only when the products increase, we can get export goods and earn through that.He also said that he will be able to import goods with foreign currency. Only when the country's income and expenditure are balanced can the high price of goods be prudently reduced. He said that the regional and state governments need to make serious efforts. In addition, he said that the relevant ministries need to take systematic and strict measures in order to be able to produce a large number of exports. In the past year, the ability to export agricultural products to foreign countries has decreased, and the ability to export the main crop such as rice and some other agricultural crops has also decreased. Therefore, in order to be able to produce and export a large number of agricultural products, local entrepreneurs should invest more in agricultural production activities and the country's main crop, rice.President U Min Aung Hlaing also said that we need to be able to produce and export more.