Bangladesh plans to buy more rice from Myanmar in July

31.05.2018

Bangladesh is planning to buy 100,000 to 200,000 tons of rice from Myanmar in July under a government to government agreement, according to Lu Maw Myint Maung, Associate Secretary of Myanmar Rice Federation (MRF).

Bangladesh also bought 200,000 tons of rice from Myanmar under G to G agreement in December last year, according to the MRF.

Bangladesh imported about 1.2 million tons of rice under tender and G to G agreement until December 2017 and one million more tons of rice will be imported, sources said.

Myanmar has signed MoU with Bangladesh to sell 300,000 tons of rice under G to G agreement and has now exported 100,000 tons of rice to Bangladesh till December last year, said Lu Maw Myint Maung.

Myanmar earned over US$96 million from 270,000 tons of rice and broken rice export till May 11 in 2018-19 FY, according to Ministry of Commerce.

Myanmar exported over 110,000 tons of rice and broken rice from maritime trade and over 160,000 tons of rice and broken rice export through border trade after over one month of this fiscal year.

Myanmar exported about 3.6 million tons of rice in this 2017-18 FY due to new markets, breaking over 50 years long records.


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