Rice in Myanmar is not just a staple food for its people, it is also one of the country's key industries.
It is believed that in 2011 alone, Myanmar's rice sector contributed about 13 per cent of the country's GDP. That GDP figure will only grow provided Myanmar partners other reputable international rice firms, like those in neighbouring Thailand.
Nay Lin Zin, joint secretary of the Myanmar Rice Millers' Association, said: "Nowadays, Thailand people very interested to invest in Myanmar and to cooperate with us because of Thailand's political instability and the price of Thai rice, (which is) higher than other competing rice exporting countries."
In recent months, many Thai rice exporters have been introducing their clients to Myanmar companies.
Kyaw Myo Htoon, director of the Ayeyar Hinthar Group of Companies, said: "Their motivation for Thai traders is they want to maintain relationship with buyers like the Chinese, because they are very big... So in order to do that, they bring their buyers here to introduce Myanmar rice to them.
"They help us to introduce the Myanmar rice variety to the world market... Especially Chinese buyers, they buy the Myanmar rice for industrial usage like making rice noodles, making rice wine as well as they're mixing with other varieties of rice. They mix and sell it to Chinese consumers."
Such collaborative efforts will also enable Myanmar to learn from their Thai partners' technological know-how, paving the way for them to tap onto their neighbour's existing pool of rice consumers.
Nay Lin Zin added: "If the Thailand business can cooperate with us, we can give more money to our people, to our Myanmar farmers and we can produce quality rice for a new market.
"I think after 2015 by cooperating with Thailand business people, especially in the rice sector, I think we can promote our rice export and we can increase our world ranking very soon."
Rice traders said many are happy that Myanmar is now starting to export more rice overseas. That is because 70 per cent of Myanmar's population live in rural areas and they are closely associated with the rice industry.
They say that if rice farmers are happy, that will snowball into other benefits, such as the ability to purchase more expensive goods and in greater quantities.
Monday, 17 February 2014
Tuesday, 11 February 2014
China pulls out of Thailand rice deal
China has cancelled a deal to buy 1.2 million tonnes of Thai rice, about 14% of the country’s annual exports, amid a corruption probe into Bangkok’s troubled agricultural subsidies scheme, Financial Times reported. Beijing was spooked by the Thai national anti-graft agency’s investigation into the rice price support program, Thailand’s commerce minister said. A Thai bank also pulled its support for the project, whose funding shortages are triggering protests from unpaid farmers. The rice scheme’s growing problems are piling pressure on Yingluck Shinawatra, the prime minister, as the opposition tries to unseat her.
Ministry turns to rice millers for help
The Commerce Ministry yesterday turned to rice millers for assistance, asking them to pay about half of the rice-pledging amount owed to farmers.
The ministry came up with the proposal after thousands of farmers rallied in front of the ministry's compound in Nonthaburi.
The caretaker government has failed to secure funds to pay the rice farmers taking part in the pledging scheme.
However, protesting farmers rejected the proposal and demanded the government pay them within three days.
Caretaker Deputy Commerce Minister Yanyong Phuangrach said the ministry would ask the Thai Rice Mills Association to accept the pledging tickets from the rice growers and pay about 50-60% of the amount owed to them.
Mr Yanyong said the government would absorb the interest payments. The rice millers were expected to charge 0-9% interest rates.
The farmers would pay the millers when they are paid full amounts by the Bank for Agriculture and Agricultural Cooperatives.
Mr Yanyong said the caretaker government would seek permission from the Election Commission to get 1.2 billion baht of central budget funds to pay the interest.
According to the minister, the proposal could be implemented this month if the millers agreed to help.
Manat Kitprasert, president of the Thai Rice Mills Association, initially agreed with the proposal, but noted the millers would have to discuss the matter in detail.
Prasit Boonchoey, president of the Thai Farmers Association, said he doubted the proposal could be implemented, saying the caretaker government is not authorised to act as a loan guarantor.
He said rice millers would need to seek loans from commercial banks and they would need the government as a guarantor.
"If the government can't sell the rice, it should resign within 15 days. I believe the funds will pour in," Mr Prasit said.
He said the farmers were not happy with their talks yesterday with senior commerce officials. The farmers demanded the government open the rice warehouses for stock checking and speed up rice sales.
Wutthichai Duangrat, deputy permanent secretary for commerce, said the ministry could not respond to the farmers' demand and it could only forward the matter to Commerce Minister Niwatthamrong Bunsongphaisan.
Mr Prasit said the farmers would stay put in front of the Commerce Ministry for three days pending the payments.
A group of farmers in the North yesterday submitted a petition to the Office of His Majesty's Principal Private Secretary seeking help after the government failed to make payments.
The ministry came up with the proposal after thousands of farmers rallied in front of the ministry's compound in Nonthaburi.
The caretaker government has failed to secure funds to pay the rice farmers taking part in the pledging scheme.
However, protesting farmers rejected the proposal and demanded the government pay them within three days.
Caretaker Deputy Commerce Minister Yanyong Phuangrach said the ministry would ask the Thai Rice Mills Association to accept the pledging tickets from the rice growers and pay about 50-60% of the amount owed to them.
Mr Yanyong said the government would absorb the interest payments. The rice millers were expected to charge 0-9% interest rates.
The farmers would pay the millers when they are paid full amounts by the Bank for Agriculture and Agricultural Cooperatives.
Mr Yanyong said the caretaker government would seek permission from the Election Commission to get 1.2 billion baht of central budget funds to pay the interest.
According to the minister, the proposal could be implemented this month if the millers agreed to help.
Manat Kitprasert, president of the Thai Rice Mills Association, initially agreed with the proposal, but noted the millers would have to discuss the matter in detail.
Prasit Boonchoey, president of the Thai Farmers Association, said he doubted the proposal could be implemented, saying the caretaker government is not authorised to act as a loan guarantor.
He said rice millers would need to seek loans from commercial banks and they would need the government as a guarantor.
"If the government can't sell the rice, it should resign within 15 days. I believe the funds will pour in," Mr Prasit said.
He said the farmers were not happy with their talks yesterday with senior commerce officials. The farmers demanded the government open the rice warehouses for stock checking and speed up rice sales.
Wutthichai Duangrat, deputy permanent secretary for commerce, said the ministry could not respond to the farmers' demand and it could only forward the matter to Commerce Minister Niwatthamrong Bunsongphaisan.
Mr Prasit said the farmers would stay put in front of the Commerce Ministry for three days pending the payments.
A group of farmers in the North yesterday submitted a petition to the Office of His Majesty's Principal Private Secretary seeking help after the government failed to make payments.
Myanmar Rice exports falter on illicit China trade
Rice exports this year are set to fall to less than half of the government target of 3 million-tonnes as traders are withholding stock from its trading partners in an attempt to secure more favourable prices being offered by illicit Chinese importers, officials said.
U Lu Maw Myint Maung, joint secretary general of the Myanmar Rice Federation, told The Myanmar Times, that Myanmar exported nearly 1 million tonnes of rice through the first nine months of the fiscal year at the end of January, falling short of the 1.01 million tonnes of rice exported during the same period last year.
“Because of an unstable local rice price, we have not been able to speed up exports during the rainy season, he said. “If we had, Myanmar would probably have been able to export about 2 million tonnes this year, because there is enough reserve.”
He said that traders are increasingly looking to sell rice through Shan State’s Muse border, alongside China’s Yunnan Province, where they can earn as much as 28 percent more profit by dealing with tax-dodging Chinese
importers.
Though there is nothing illicit about local rice sellers trading over the borders, many Chinese traders are subject to a 17pc import tax on all rice bought from Myanmar, a tax many choose not to pay, he said. While they are then able to offer a better premium on imports, they also tend to not honour contacts and pay significantly less than promised.
“Local traders would not easily be able to reclaim their rice back because of the high transportation charges and would have to sell at the lower price,” U Lu Maw Myint Maung said. “This led to fluctuations in the local price, so that big exporters could not draw up contracts for as much as we
wanted.”
He said that the price of 25pc broken rice on the international market goes for US$315-$320 per tonne. That is compared to the 2480 yuan ($404) the same rice is sometimes sold for through the Muse border. Five percent broken rice, meanwhile, is sold for $405-$415 per tonne in the international markets, well short of the 2740 Yuan (about $446) per tonne it fetches along the Yunnan border.
In an effort to deal with the problem, the government has been in talks with Chinese authorities to try and formalise the rice trade, U Maung Aung, an adviser to the Ministry of Commerce he told The Myanmar Times.
“We have been trying to sign an MOU [memorandum of understanding] with regional governments in China to permit importing rice from Myanmar legally,” he said.
“Although they have not permitted rice imports, market demand is very big, so they seize illicit rice imports from Myanmar only sometimes,” he said.
As a result, experts believe that the price being offered by illicit traders in China would likely not begin to decrease until the end of the high trading season.
“The price [of rice exported to China] is not likely to go down until March as we are now exporting 3000 to 3500 tonnes of rice through Muse a day,” said U Thauk Kyar, an executive member of the Muse rice traders’ association.
The fiscal 2012-2013 total of 1.6 million tonnes was the highest in 46 years, thanks to the demand from China for exports via the newly booming Muse border post, which accounted for 60pc of the total 1.6 million tonnes exported last year, said U Lu Maw Myint Maung, adding that China has faced in increased demand for quality rice over the past year.
However, with Myanmar’s entry into the EU generalised system of preferences last year, Myanmar traders have started to export to Europe, said U Lu Maw Myint Maung.
“EU traders can import rice from Myanmar without paying import taxes if they can prove the country of origin,” he said.
Former joint secretary of the Myanmar Rice Federation and rice exporter U Myo Thura Aye said that 10 EU countries, including Spain, Portugal, Belgium and the Netherlands, are now buying rice from Myanmar.
“We’re exporting 5000 tonnes a month to Europe and 20,000 tonnes to Africa,” he said, adding that a smaller amount is going to the Philippines and Malaysia.
In addition, Myanmar Agribusiness Public Corporation (MACPO) announced last week that come May they will export up to 8000 tonnes of rice to Japan this year, said U Soe Tun, the company’s director.
“MAPCO is going to export … rice to Japan jointly with Japanese firm Mitsui & Co after it won a tender of Japanese government to import rice,” he said, adding that they would start importing 5pc broken rice at $470 per tonne.
By Zaw Htike
U Lu Maw Myint Maung, joint secretary general of the Myanmar Rice Federation, told The Myanmar Times, that Myanmar exported nearly 1 million tonnes of rice through the first nine months of the fiscal year at the end of January, falling short of the 1.01 million tonnes of rice exported during the same period last year.
“Because of an unstable local rice price, we have not been able to speed up exports during the rainy season, he said. “If we had, Myanmar would probably have been able to export about 2 million tonnes this year, because there is enough reserve.”
He said that traders are increasingly looking to sell rice through Shan State’s Muse border, alongside China’s Yunnan Province, where they can earn as much as 28 percent more profit by dealing with tax-dodging Chinese
importers.
Though there is nothing illicit about local rice sellers trading over the borders, many Chinese traders are subject to a 17pc import tax on all rice bought from Myanmar, a tax many choose not to pay, he said. While they are then able to offer a better premium on imports, they also tend to not honour contacts and pay significantly less than promised.
“Local traders would not easily be able to reclaim their rice back because of the high transportation charges and would have to sell at the lower price,” U Lu Maw Myint Maung said. “This led to fluctuations in the local price, so that big exporters could not draw up contracts for as much as we
wanted.”
He said that the price of 25pc broken rice on the international market goes for US$315-$320 per tonne. That is compared to the 2480 yuan ($404) the same rice is sometimes sold for through the Muse border. Five percent broken rice, meanwhile, is sold for $405-$415 per tonne in the international markets, well short of the 2740 Yuan (about $446) per tonne it fetches along the Yunnan border.
In an effort to deal with the problem, the government has been in talks with Chinese authorities to try and formalise the rice trade, U Maung Aung, an adviser to the Ministry of Commerce he told The Myanmar Times.
“We have been trying to sign an MOU [memorandum of understanding] with regional governments in China to permit importing rice from Myanmar legally,” he said.
“Although they have not permitted rice imports, market demand is very big, so they seize illicit rice imports from Myanmar only sometimes,” he said.
As a result, experts believe that the price being offered by illicit traders in China would likely not begin to decrease until the end of the high trading season.
“The price [of rice exported to China] is not likely to go down until March as we are now exporting 3000 to 3500 tonnes of rice through Muse a day,” said U Thauk Kyar, an executive member of the Muse rice traders’ association.
The fiscal 2012-2013 total of 1.6 million tonnes was the highest in 46 years, thanks to the demand from China for exports via the newly booming Muse border post, which accounted for 60pc of the total 1.6 million tonnes exported last year, said U Lu Maw Myint Maung, adding that China has faced in increased demand for quality rice over the past year.
However, with Myanmar’s entry into the EU generalised system of preferences last year, Myanmar traders have started to export to Europe, said U Lu Maw Myint Maung.
“EU traders can import rice from Myanmar without paying import taxes if they can prove the country of origin,” he said.
Former joint secretary of the Myanmar Rice Federation and rice exporter U Myo Thura Aye said that 10 EU countries, including Spain, Portugal, Belgium and the Netherlands, are now buying rice from Myanmar.
“We’re exporting 5000 tonnes a month to Europe and 20,000 tonnes to Africa,” he said, adding that a smaller amount is going to the Philippines and Malaysia.
In addition, Myanmar Agribusiness Public Corporation (MACPO) announced last week that come May they will export up to 8000 tonnes of rice to Japan this year, said U Soe Tun, the company’s director.
“MAPCO is going to export … rice to Japan jointly with Japanese firm Mitsui & Co after it won a tender of Japanese government to import rice,” he said, adding that they would start importing 5pc broken rice at $470 per tonne.
By Zaw Htike
Vietnamese rice faces barriers in biggest markets
Indonesian Minister for Economic Affairs Hatta Rajasa has requested the Ministries of Trade and Agriculture to take a probe against the illegal rice imports from Vietnam.
According to the Vietnam News Agency, the minister said there are some evidences about the importers’ license abuse.
The request has been made following the information that the illegal rice imports from Vietnam are being wholesaled in Cipinang or Baten province in eastern Jakarta on January 30, estimated at 16,900 tons.
The volume of rice was sold more cheaply than the domestic products. Sources said the rice has been imported to Indonesia with the legal license granted by the Indonesian Ministry of Trade.
Hatta Rajasa emphasized that the Indonesian government never allows individuals to import rice, and that it has authorized Bulog, an agency of the country, to import rice to stabilize the market prices. Therefore, it is highly possible that Vietnam’s rice has penetrated the Indonesian market through legal channels.
Prior to that, in October 2013, NFA, the Filipino food agency, warned that the contract on importing 120,000 tons of rice signed between the Filipino private import firms and the Southern Food Corporation (Vinafood 2) is invalid, and that the imports will be blocked by the country’s customs agencies.
According to NFA, under the country’s national quota program, Filipino businessmen can only buy rice from Thailand, India, China and Australia. The importers must obtain the special import licenses from NFA before they import rice from other countries.
Vietnam’s rice exports to the loyal markets of the Philippines, Indonesia and Malaysia have dropped dramatically recently, thus leading to the sharp fall of the total rice exports.
The rice exports to the Philippines dropped by 63 percent in the first nine months of 2013, while the exports to Malaysia dropped by 35 percent. Especially, Indonesia did not import rice from Vietnam.
In the context of the sharp falls in the exports to the loyal markets, the Vietnam’s rice production was “saved” by the strong rise in the exports to China. The export volume to the market in 2013 was four times higher than that in 2012, about 1.6 million tons.
China consumed 32 percent of Vietnam’s total rice exports, while African markets bought nearly 30 percent.
However, Vietnam has been warned against the reliance on China as the main export market. The unstable market would upset Vietnam’s rice export strategy one day if Vietnam does not follow a reasonable business development plan.
Nguyen Dinh Bich, a well-known rice expert, on his article on Thoi bao Kinh te Saigon--while noting that Vietnam had to lower the export prices sharply in 2013, which was a big bitterness, has warned that the same scenario may repeat in 2014.
The US Agriculture Department has predicted that the demand from the three Vietnamese loyal markets would soar in 2014 to 4 million tons, while the demand from eight Asian big rice importers would increase by 20.1 percent to 9.22 million tons. However, Bich commented that it would be not easy to boost exports to the markets.
According to the Vietnam News Agency, the minister said there are some evidences about the importers’ license abuse.
The request has been made following the information that the illegal rice imports from Vietnam are being wholesaled in Cipinang or Baten province in eastern Jakarta on January 30, estimated at 16,900 tons.
The volume of rice was sold more cheaply than the domestic products. Sources said the rice has been imported to Indonesia with the legal license granted by the Indonesian Ministry of Trade.
Hatta Rajasa emphasized that the Indonesian government never allows individuals to import rice, and that it has authorized Bulog, an agency of the country, to import rice to stabilize the market prices. Therefore, it is highly possible that Vietnam’s rice has penetrated the Indonesian market through legal channels.
Prior to that, in October 2013, NFA, the Filipino food agency, warned that the contract on importing 120,000 tons of rice signed between the Filipino private import firms and the Southern Food Corporation (Vinafood 2) is invalid, and that the imports will be blocked by the country’s customs agencies.
According to NFA, under the country’s national quota program, Filipino businessmen can only buy rice from Thailand, India, China and Australia. The importers must obtain the special import licenses from NFA before they import rice from other countries.
Vietnam’s rice exports to the loyal markets of the Philippines, Indonesia and Malaysia have dropped dramatically recently, thus leading to the sharp fall of the total rice exports.
The rice exports to the Philippines dropped by 63 percent in the first nine months of 2013, while the exports to Malaysia dropped by 35 percent. Especially, Indonesia did not import rice from Vietnam.
In the context of the sharp falls in the exports to the loyal markets, the Vietnam’s rice production was “saved” by the strong rise in the exports to China. The export volume to the market in 2013 was four times higher than that in 2012, about 1.6 million tons.
China consumed 32 percent of Vietnam’s total rice exports, while African markets bought nearly 30 percent.
However, Vietnam has been warned against the reliance on China as the main export market. The unstable market would upset Vietnam’s rice export strategy one day if Vietnam does not follow a reasonable business development plan.
Nguyen Dinh Bich, a well-known rice expert, on his article on Thoi bao Kinh te Saigon--while noting that Vietnam had to lower the export prices sharply in 2013, which was a big bitterness, has warned that the same scenario may repeat in 2014.
The US Agriculture Department has predicted that the demand from the three Vietnamese loyal markets would soar in 2014 to 4 million tons, while the demand from eight Asian big rice importers would increase by 20.1 percent to 9.22 million tons. However, Bich commented that it would be not easy to boost exports to the markets.
India As rice bran oil gains traction, output rises
Even as consumer awareness remains a challenge for the rice bran oil, India’s rice bran oil production is growing by about 50,000 tonne every year, informed industry leaders here.
Of the total global production of around 12 lakh tonne of rice bran oil, India currently produces 9 lakh tonne per annum. However, with growing awareness and rising demand, the production is increasing by about 50,000 tonne per annum, claimed the Solvent Extractors’ Association of India (SEA).
“India has the potential to produce around 15 lakh tonne of rice bran oil. We are producing about 9 lakh tonne but only 3 lakh tonne goes for direct consumption. As the awareness rises, the production will increase too,” said B V Mehta, executive director, SEA at a press conference on Wednesday.
After India, Japan is the distant second in the production of rice bran oil with production of about 70,000 tonne per annum, followed by Thailand with around 60,000 tonne and China at only 50,000 tonne per annum of rice bran oil production.
However, the rice bran oil costs more than the conventional oils like sunflower or cottonseed oil. “The prices are higher by Rs. 10-15 per kg. So we can position this oil between the expensive olive oil and the conventional oils with greater nutritional benefits,” said Dr A R Sharma, chairman and managing director, Ricela Health Foods Ltd.
The rice bran oil has been recommended by the National Institute of Nutrition (NIN) for its nutritional properties. “The viscosity of rice bran oil is very light and is bland. Food cooked in this oil absorbs 15-20 per cent less oil, thereby reducing the chances of cholesterol,” said Dr Varsha, Founder chairperson, Indian Institute of Nutritional Sciences.
SEA has initiated a series of awareness programmes in big and small towns across India and to reach out to the maximum number of people with the benefits rice bran oil offers.
Of the total global production of around 12 lakh tonne of rice bran oil, India currently produces 9 lakh tonne per annum. However, with growing awareness and rising demand, the production is increasing by about 50,000 tonne per annum, claimed the Solvent Extractors’ Association of India (SEA).
“India has the potential to produce around 15 lakh tonne of rice bran oil. We are producing about 9 lakh tonne but only 3 lakh tonne goes for direct consumption. As the awareness rises, the production will increase too,” said B V Mehta, executive director, SEA at a press conference on Wednesday.
After India, Japan is the distant second in the production of rice bran oil with production of about 70,000 tonne per annum, followed by Thailand with around 60,000 tonne and China at only 50,000 tonne per annum of rice bran oil production.
However, the rice bran oil costs more than the conventional oils like sunflower or cottonseed oil. “The prices are higher by Rs. 10-15 per kg. So we can position this oil between the expensive olive oil and the conventional oils with greater nutritional benefits,” said Dr A R Sharma, chairman and managing director, Ricela Health Foods Ltd.
The rice bran oil has been recommended by the National Institute of Nutrition (NIN) for its nutritional properties. “The viscosity of rice bran oil is very light and is bland. Food cooked in this oil absorbs 15-20 per cent less oil, thereby reducing the chances of cholesterol,” said Dr Varsha, Founder chairperson, Indian Institute of Nutritional Sciences.
SEA has initiated a series of awareness programmes in big and small towns across India and to reach out to the maximum number of people with the benefits rice bran oil offers.
Thailand BoT seeks to allay rice loan fears
The Bank of Thailand has found no evidence of unusual money withdrawals this week, despite media reports that depositors have pulled more than 9 billion baht from three banks over fears their money could...
Salinee Wangtal, assistant governor of the Central Bank, said the bank’s monitoring systems had found no reports of unusual money withdrawals that were cause for concern.
She made the comments in response to media reports that around six billion baht from two-state run banks and three billion baht from a commercial bank had been withdrawn within the space of a week.
Anti-government protesters had speculated that the state-run Government Saving Bank and Krungthai Bank could be sympathetic to lending the caretaker government money to finance the beleaguered rice scheme. TMB Bank, which used to be state-run but is now a commercial operation, was also implicated as a potential source of funds for the pledging programme. However, all three have denied that they plan to offer loans to finance the scheme.
The caretaker government now owes farmers for more than 100 billion baht for rice pledged under the initiative.
Ms Salinee insisted that commercial banks in Thailand are still performing well, having generated combined profits of 220 billion baht in 2013 as banks.
The non-performing loan average for Thai banks stands at 2.4% of total outstanding loans, which is also normal, she said. A non-performing loan is a loan that is in default or close to that point. The Thai banking system also has the highest allowances for doubtful debt in the world, at 3.8% of outstanding loans, she added. Doubtful debts are those debts that banks are unlikely to be able to collect.
Ms Salinee said the central bank projected that loan extensions will grow by 8-10% this year, which is in line with economic growth but lower than the 11% loan extension growth seen in 2013.
Salinee Wangtal, assistant governor of the Central Bank, said the bank’s monitoring systems had found no reports of unusual money withdrawals that were cause for concern.
She made the comments in response to media reports that around six billion baht from two-state run banks and three billion baht from a commercial bank had been withdrawn within the space of a week.
Anti-government protesters had speculated that the state-run Government Saving Bank and Krungthai Bank could be sympathetic to lending the caretaker government money to finance the beleaguered rice scheme. TMB Bank, which used to be state-run but is now a commercial operation, was also implicated as a potential source of funds for the pledging programme. However, all three have denied that they plan to offer loans to finance the scheme.
The caretaker government now owes farmers for more than 100 billion baht for rice pledged under the initiative.
Ms Salinee insisted that commercial banks in Thailand are still performing well, having generated combined profits of 220 billion baht in 2013 as banks.
The non-performing loan average for Thai banks stands at 2.4% of total outstanding loans, which is also normal, she said. A non-performing loan is a loan that is in default or close to that point. The Thai banking system also has the highest allowances for doubtful debt in the world, at 3.8% of outstanding loans, she added. Doubtful debts are those debts that banks are unlikely to be able to collect.
Ms Salinee said the central bank projected that loan extensions will grow by 8-10% this year, which is in line with economic growth but lower than the 11% loan extension growth seen in 2013.
Myanmar to export high-quality rice to Japan
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 to European countries,” said Soe Tun, director of the MAPCO.
Myanmar is also exporting 25-mark high quality rice to China and Africa. MAPCO exported 5,000 tonnes of high-quality rice to Japan for the first time in 45 years and is working to export more.
Japan examined Myanmar paddy strains in all 257 kinds of laboratory tests, including insecticide tainting and samples with or without chemical substances.
Ye Min Aung, managing director of MAPCO, said that Myanmar rice dealers are now preparing to export high-quality rice to the international market. That is why rice dealers should prepare for an emerging market that specializes in quality.
“We will export r200,000 tonnes of rice to Japan in this fiscal year, cooperating with Japan’s Mitsui Company. We have a plan to export rice to Africa and other international markets,” said Ye Min Aung.
Myanmar has also begun exporting rice to European markets under an advantageous EU trade scheme.
“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 to European countries,” said Soe Tun, director of the MAPCO.
Myanmar is also exporting 25-mark high quality rice to China and Africa. MAPCO exported 5,000 tonnes of high-quality rice to Japan for the first time in 45 years and is working to export more.
Japan examined Myanmar paddy strains in all 257 kinds of laboratory tests, including insecticide tainting and samples with or without chemical substances.
Ye Min Aung, managing director of MAPCO, said that Myanmar rice dealers are now preparing to export high-quality rice to the international market. That is why rice dealers should prepare for an emerging market that specializes in quality.
“We will export r200,000 tonnes of rice to Japan in this fiscal year, cooperating with Japan’s Mitsui Company. We have a plan to export rice to Africa and other international markets,” said Ye Min Aung.
Myanmar has also begun exporting rice to European markets under an advantageous EU trade scheme.
Monday, 3 February 2014
Rice Market: More Medium Grain Planted if California Stays Dry
Export sales are picking up, with this week’s postings totaling 65,100 tons. Long grain took the lion’s share.
There were also 2,000 tons of medium/short milled sold to Jordan and 600 tons sold to Australia out of the 2014/15 crop. This is the second time we have seen very early sales of medium/short sold out of next year’s production, and we wonder if these are buyers trying to assure supplies out of next year’s potentially water-deficient planting in California.
There were also 2,000 tons of medium/short milled sold to Jordan and 600 tons sold to Australia out of the 2014/15 crop. This is the second time we have seen very early sales of medium/short sold out of next year’s production, and we wonder if these are buyers trying to assure supplies out of next year’s potentially water-deficient planting in California.
India's wheat, rice exports raise hackles at WTO
The US, Canada and Pakistan have questioned India's export of wheat and rice, suggesting that subsidized grains have been shipped out providing gains to local traders.
The queries at the World Trade Organization (WTO) come weeks after these countries reluctantly agreed to India's demand for renegotiating the agreement related to food subsidies that turned into a make-or-break issue at the Bali ministerial meeting in December.
The government has denied the suggestions and said that India is complying with all international norms. "We are on the right track," said a top government official, dismissing the charges.
The queries at the World Trade Organization (WTO) come weeks after these countries reluctantly agreed to India's demand for renegotiating the agreement related to food subsidies that turned into a make-or-break issue at the Bali ministerial meeting in December.
The government has denied the suggestions and said that India is complying with all international norms. "We are on the right track," said a top government official, dismissing the charges.
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