Rice bosses bemoan lack of investment

Myanmar’s agriculture sector faces development challenges and it received no significant inflows of foreign investment in the past five years, according to the Myanmar Rice Federation. The Directorate of Investments and Company Administration said agricultural foreign direct investment (FDI) was US$7.2 million during the 2015-16 fiscal year. The sector received US$138.8 million in 2010-11 and […]

Myanmar (Burma): Chinese rice body to open Yangon branch

The China Certification and Inspection Group (CCIG) will open a branch in Yangon next month, according to the Myanmar Rice Federation (MRF). It aimed to carry out quality inspection of rice due to be exported to China, the MRF said. Lu Maw Myint Maung, joint secretary of the MRF, said: Officials from the CCIG held […]

MAPCO plans another share sale

Myanmar Agribusiness Public Corporation is planning to sell a total of Ks five billion in shares, with individuals allowed to purchase up to Ks 1 billion worth of shares each, according to its managing director. “Every Myanmar citizen can purchase shares at the price of Ks 10,800 per share,” MAPCO managing director Ye Min Aung […]

Growing pains hit Myanmar rice trade

The Myanmar Rice Federation (MRF) has stressed a need for tangible rice policies to keep abreast with industries in neighbouring countries. A longstanding ban on private rice exports was scrapped in 2010 under the former military junta, but the modernisation needs of Myanmar’s agricultural sector remain vast. The world’s largest rice exporter from 1961 to […]

Myanmar to export high-quality rice to Japan

YANGON—Myanmar will export 6,000 tonnes of high-quality rice to Japan for second time in May, according to the Myanmar Agribusiness Public Corporation (MAPCO). “We are now preparing to export 6,000 tons of rice that have already been tender awarded. Japan is going to buy native paddy strains and Myanmar is now test exporting high-quality rice […]