Traders seek to recoup losses on K5 billion in seized rice

About 50 rice traders from Mandalay Region and Katha, Banmauk, Htigyaing and Kawlin townships in Sagaing Region said their partner’s detention for the past two months has hurt their business. Their meeting at the Banmauk rice traders association office on Wednesday was attended by National League for Democracy MPs from Banmauk. U Aung Thein, who […]

Sule Port premier port of Myanmar

Sule Port, the nation’s busiest sea port for rice, handles an average of 1.3 million metric tons of imports and 600,000 metric tons of export, annually. A total of 49,801 metric tons of rice were exported to foreign countries via Sule Port in current financial year. Sule is a major transit point for cement, timber […]

Dawei port grows busier

The number of cargo ships arriving at and leaving Dawei port in Taninthayi Region has significantly increased this year compared to the same period last year. From January to April last year, 107 ships entered and exited the port trading 56,693 tonnes of goods. However, in the same period of this year, there were 111 […]

MAPCO’s power plant and rice mills open in Ayeyawady

Mapco Golden Lace’s project in Ayeyawady. A 2.2-megawatt power plant and two rice mills opened in Kyaiklatt Township, Ayeyawady Region, on May 15. The Myanmar Agribusiness Public Corporation (Mapco) and six shareholders under the Golden Lace Company jointly operate the firms with a 55:45 ownership ratio. The Mapco Golden Lace has gained licences from the […]

Contract farming to begin in Ayeyawady, Bago, Yangon and Mandalay

Contract farming will begin on 60,000 acres in Ayeywady Region, and 30,000 acres each in Bago, Yangon and Mandalay totaling about 150,000 acres during the upcoming rainy season, said Ye Min Aung, general secretary of the Myanmar Rice Federation (MRF). Rice millers, rice merchants and rice companies can put forward contract farming planS to the […]

Myanmar sees gains in rice, corn production

Rice and corn production in Myanmar is expected to increase in the 2016-17 marketing year, while production of wheat is forecast to fall, according to an April 20 report from the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA). Rice production in 2016-17 is forecast at 12.2 million tonnes, up from 12.16 […]

Rice exports plunged by about 400,000 tonnes than last year

The volume of rice exports during this Fiscal Year was down by about 400,000 tonnes when compared to that of last FY, said U Aung Myint, the secretary of Myanmar Rice Traders Association. The rice export in this FY to the Chinese and European markets declined. About 900,000 tonnes of rice have been exported to […]

Rice and broken rice export hit 1.2million tonnes

The export volume of rice and broken rice hit 1.2 million tonnes as of the third week of January. Over 400,000 tonnes of rice and broken rice worth US$120million were exported through normal trade, whereas about 800,000 tonnes of rice and broken rice worth US$256million were exported via border trade camps, according to the figures […]

Construction of high-quality rice mills completed

In a bid to produce quality rice, high-quality rice mills were constructed in Kyaiklat, Ayeyawady Region and are now complete, said an official from Myanmar Agribusiness Public Corporation (MAPCO). The country’s top rice milling businesses will now be all in the same place, with this project’s Phase-1 slated to open in March. These mills are […]

MRF requested Commerce ministry not to collect two per cent of advance tax on rice ex

Myanmar Rice Federation (MRF) asked the Commerce Ministry not to collect advance taxes on rice and paddy exports, according to this Fedration. Additionally, MRF asked to reduce production costs, boost the production rate, shift the term to repay cultivation loans to the Myanma Agricultural Development Bank and cooperative associations, reduce the interest rate of loans […]