Bangladesh negotiates with Myanmar to buy 100,000 tonnes of rice

Bangladesh has reopened negotiations with Myanmar to purchase 100,000 tonnes of rice, said U Ye Min Aung, chair of the Myanmar Rice Federation (MRF). Bangladesh signed a Memorandum of Understanding with Myanmar for its self-sufficiency of foodstuffs and cooperation in the rice sector in 2017. Myanmar exported 100,000 tonnes of rice to Bangladesh in the […]

Myanmar rice trading to go digital in 2021

Myanmar’s first online market to trade rice and seeds and function as an information hub will be available in the beginning of 2021, according to the Myanmar Rice Federation (MRF). “We are working to create a digital platform for the trading of seeds as well as crops like paddy and rice. This will be the […]

After rice-buying scheme, govt plans paddy purchases to prop up prices

U Myint Lwin, acting secretary of the Ministry of Commerce and director general of the Directorate of Consumer Affairs, said tenders had been called from merchants in the targeted state and regions and after they were completed the government would announce the volume of paddy it plans to buy. The tender window remains open and […]

Rice export earnings exceed $250 in three months

During three months of the current fiscal year, Myanmar earned over 250 million US dollars from the exports of around 900,000 tons of rice and broken rice, according to Myanmar Rice Federation. Till December 27 of 2019-20 FY, Myanmar exported 894,889.703 tons of rice and broken rice worth 256.452 million US dollars. During this period, […]

Rice export declines within eight months

Myanmar only exported over 1.5 million tons of rice and broken rice within eight months from April 1 till December 14, according to Myanmar Rice Federation (MRF). Myanmar earned about US$288 million from more than 800,000 tons of rice and broken rice export through border trade routes and over US$240 million from over 700,000 tons […]

Myanma Apex Bank gives loans to almost 700 farmers this harvesting season

A pilot project which provides loans to farmers spearheaded by Myanma Apex Bank (MAB) and Myanmar Rice Federation (MRF) has supported almost 700 farmers for this harvesting season to date, according to the MRF. U Ye Min Aung, MRF secretary, said that the MAB has provided medium-term loans to farms in agriculture, livestock and fishery […]

IFC, partners working toward boosting Myanmar rice industry

YANGON, MYANMAR — IFC through a partnership with Australia, the United Kingdom and Japan signed a memorandum of understanding (MoU) with the Myanmar Rice Federation (MRF) to support sustainable growth of Myanmar’s rice industry. The MoU aims to accelerate changes in the industry through development, improvement, and promotion of milled rice standards and paddy grading […]

Crop Insurance System Expected to Launch This Fiscal Year

A coordination meeting on the introduction of insurance services for farmers and fishers was held at the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon on August 19. In a Facebook post, Myanmar Rice Federation (MRF) general-secretary Ye Min Aung said: “The nod given by the Myanmar Insurance Business Supervisory Board […]

Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector

Q: What is the state of the rice industry in Myanmar? A: The government relaxed its control of the rice industry in 2003. Since FY2012-2013, rice export volume has exceeded one million tons per year. Q: Rice from Myanmar does not meet international standards and fails to sell for good prices in the international market. […]

US$400 million Chinese investment proposed for 33 agricultural extension centers

Myanmar’s Agribusiness Public Corporation (MAPCO), the Myanmar Rice Federation (MRF) and the China CITIC Construction Group submitted a US$400 million proposal to Myanmar Investment Commission (MIC) to construct the 33 agribusiness service centers in states and regions. “We will construct the 33 agribusiness service centers as soon as possible,” said Dr. Soe Tun, the MRF […]