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
Myanmar Rice Federation expands China export deal
The Myanmar Rice Federation (MRF), the umbrella association for Myanmar’s rice industry, will export 250,000 tonnes of rice to China. A new MOU was signed with the China National Cereals, Oils and Foodstuffs Corporation, The Myanmar Times re
EU to reinstate duties on Myanmar and Cambodia rice
The European Commission(EU) has said it will reinstate duties on rice from Myanmar and Cambodia to protect their own farmers. This comes after a surge in cheaper imports from the Southeast Asian countries in recent years. “An investigation has conf
