Myanmar Rice Federation (MFR) announced on April 28 that rice exports will resume in May with 150,000 tonnes for the month of May. 100,000 tonnes will be shipped to overseas and 50,000 tonnes will be traded at border.
In current fiscal year, more than 2 million tonnes of rice will be allocated for export and 10 percent will be retained as food reserves for Myanmar according to the government.
About 60 percent of 2 million tonnes will consist of equal allocations from all the companies and the remaining volumes will consist of additional allocations from companies involved in contract farming and which made investments in mills or warehouses over the last three years.
MRF is also in negotiation with some ASEAN countries for government to government export arrangements.
The Ministry of Commerce temporarily suspended the issuance of rice export permits starting from April.
Source: The Myanmar Times
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