Monday , September 25 2017

Myanmar stimulated by new rice reserves

It is expected that stocks of rice from Myanmar to last until December, despite the loss of production due to landslides and devastating floods during the recent monsoon season, according to the Ministry of Commerce.

Some 1.4 million acres of rice fields have been damaged, and more than 800,000 acres completely destroyed by the floods across the country, forcing the government to establish a ban on Myanmar rice exports, which already You are ready to up.
State media reported Sunday that despite the slowdown in production, more than 500,000 tons of rice remain in the country. Myint Naing Win, the president of the Irrawaddy Region Chambers of Commerce and Industry, said a large part of the field, thankfully, remained intact. The Irrawaddy delta, considered the “rice bowl of Burma,” was largely untouched by the disaster.

“More than 300,000 acres of rice fields [the region] were submerged by flooding, but more than 200,000 acres have emerged in good shape,” said Myint Naing world state of the New Light of Myanmar.

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“In addition, of the 100,000 acres of rice fields were completely destroyed, 70,000 acres have been replanted.”

Lifting of the ban came exactly on the calendar – the Ministry of Industry and Trade initially established the temporary cessation of rice exports to expire on September 15 after the recommendation of the Myanmar Rice Federation (MRF). The government first imposed the ban, August 07

Permanent Secretariat Toe Aung Myint Ministry said on September 4 DVB that the ban was necessary because of the rising prices nationwide, but the department will closely follow the chronology of the prohibition order not to have a negative impact on the export market.

“The ban was introduced due to the flood disaster in the country. However, the government also wants to maintain its strength in the export market, so weigh these factors and coordinate procedures with ministries and agencies,” he said.

Commerce Minister Win Myint, made the announcement at the annual meeting of Myanmar Federation of Chambers of the Union on September 9, the magazine reported Oryza industry. “Rice has been re-planted in some areas and after the effect of the floods was estimated, have decided to reopen the export market,” Win Myint told the meeting.

Read also : Myanmar rice exports to resume

Rice exports from Myanmar have been steadily increasing in recent years. The country sent abroad about 1.8 million tons of rice in 2014. The MRF said it expects rice production of about 14 million tons (about 8.96 million tons, bleached) in 2015. The government has focused on exports of around 2 million tonnes of rice this year.


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