Myanmar President U Min Aung Hlaing said soaring commodity prices remain the country’s biggest economic challenge, attributing them to an imbalance between supply and demand and rising production costs. Speaking at a Union Government meeting in Nay Pyi Taw on July 7, he stressed that boosting domestic production is essential to stabilizing prices. He said higher production would increase exports, generate more foreign currency and help balance the country’s income and expenditure, easing inflationary pressures.