China Approves Rice Export Licenses to Myanmar Companies

China has granted rice export licenses to 43 Myanmar companies on July 10 according to U Soe Tun, MRF executive committee member.

New licenses should boost the volume of rice Myanmar sells to China, said U Soe Tun. In March, China restricted imports from Myanmar to companies that registered with China authority.

"As China has now officially registered more Myanmar companies, there will be a large market for our country and it will be better in long run. Farmers can get good price for rice and broken rice. It will benefit many in Myanmar." he said.

Myanmar exported over 1.19 million tons of rice to China in the first five months of the current fiscal year. In February, state media predicted the year’s rice exports to exceed 2.5 million tons.

Source: The Myanmar Times