Jun 28, 2011

Myanmar will export rice to Russia

Paraboiled rice will be exported to Russia for the first time, the secretary of the Myanmar Rice Millers Association (MRMA) said on June 16.

U Thaung Win, MRMA’s secretary, said a local company had signed a deal with a Russian firm to supply Russia with parboiled rice.

“We signed a contract between Golden Lace Co Ltd from Myanmar and Agro-Alliance Ltd from Russia to export 250 tonnes of parboiled rice to Russia.

“We will export the rice in two shipments over two months. Each shipment will be five containers,” he said, adding that each shipping container hold about 25 tonnes.

The rice will be sold for US$480 a tonne and the first shipment will leave Yangon by the end of June.

“Parboiled rice costs more than ehmeta [including 25 percent broken grains]. We don’t need to worry about finding buyers because there are many customers for this rice worldwide.

“We have parboiled rice mills in Kyaiklat, Bogale and Einme townships in Ayeyarwady Region and Hlaing Tharyar township in Yangon Region. Each mill has a daily production capacity of 70 tonnes,” U Thaung Win said.

A senior Myanmar Rice Industry Association official said parboiled rice from Myanmar sold for just $5 a tonne less than Thailand’s.

“We expect in future to be able to compete with Thailand in finding buyers in Europe, which we’ll be able to do if producers can keep their quality standards high,” he said. – Translated by Zar Zar Soe

Source: Myanmar Times