Myanmar (Burma): MRF allows 3 months of rice exports

16.11.2016

The Myanmar Rice Federation says it will export 300,000 tonnes of rice from now until January, in cooperation with its members.

The move would encourage domestic rice demand, stimulate the market and bring great benefits to everyone in the supply chain, it said.

The country would earn around US$90 million from 300,000 tonnes of rice, the trade body said.

The MRF said it would not support exports that would harm small- and medium-sized rice millers at a time when the country should lay down a clear-cut policy for long-term development.

Entrepreneurs should think about exports only after getting the nod from the government.

According to state-owned newspapers, Dr Than Myint, union commerce minister, said the ministry would allow entrepreneurs to export rice in November temporarily to help farmers cover their production costs.

The commerce ministry held talks with rice organisations and export companies on declining prices. The ministry decided to allow rice exports for a limited time and tonnage.


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