Jan 7, 2013

Myanmar exports over 1 mln tons of rice in first nine months of FY 2012-13

Myanmar exported 1.01 million tons of rice and rice products in the first nine months of the fiscal year 2012-13, official daily New Light of Myanmar reported Saturday.

The record will be put on exceeding that of 1995-96 and 2001- 2002 fiscal years if the export of rice continues in remaining three months (Jan-March) of the fiscal year 2012-13, and it will be the largest volume of rice export in 46 years, according to Commerce Minister U Win Myint at the meeting to purchase reserve rice and rice market development in Nay Pyi Taw.

Rice will be purchased as quickly as possible for reserve stockpiling so as to prevent declining of price of rice, he said.

Meanwhile, the workshops and seminars at Myanmar rice mills and farming machinery shows will be held for sales of rice mills and machinery to the farmers at reasonable price.

Indonesia has proposed to buy 300,000 tons of rice from Myanmar in addition to the 200,000 tons, according to earlier report.

From 2001-2002 to 2005-06, Myanmar exported a substantial amount of rice to the Indonesian market. But after 2005-06, rice export to Indonesia was almost none.

According to statistics, in the nine months' period (April- December) of the fiscal year 2011-12, Myanmar exported only 2,125 tons of rice to Indonesia.

Source: Xinhua