China approves new rice exporters
China has granted export licenses for rice to 43 new Myanmar companies. A spokesperson from the Myanmar Rice Federation (MRF) said that the new licenses should boost the volume of rice Myanmar sells to China, which has suffered both from the COVID-19Restrictions to limit rice exports eased
Back in April, the government had announced limitations and restrictions to rice exportation in the midst of panic buying and uncertainty of COVID-19 impact on the country. The restrictions included tighter time-limits on export licenses, higher cont
China to invest USD 130 million in agriculture
A Chinese state-owned enterprise will invest in three agricultural centers around Myanmar valuing USD 130 million. The Chinese CITIC Construction Group will partner with the Myanmar Rice Federation (MRF) and the Myanmar Agribusiness Public Corporatio
Rice floor price to remain MMK 500,000 per basket
The Myanmar government will maintain its minimum rice price to protect farmers from market fluctuations. The rice floor price, or reference price, will remain at MMK 500,000 per basket through 2020. The announcement came from the Leading Committee fo
