The volume of rice available for trade has fallen substantially since March, when COVID-19 first broke out in Myanmar, said U Than Oo, secretary of the Bayint Naung Wholesale Center. “Rice produced for domestic consumption and exports have declined. Yangon has not been receiving the same amount of volumes for exports like before,” he said. […]
Rice prices jump in India; Bangladesh eyes import deal with Myanmar
BENGALURU (Reuters) – Rice prices in top exporter India rebounded this week, boosted by steady demand from Bangladesh which has been actively exploring fresh import deals with its neighbors and is looking to wrap up a major purchase from Myanmar. A Bangladeshi government delegation is in Myanmar to finalize a state-to-state deal, government officials said […]
Thai rice illegally imported into Myanmar
As domestic rice prices increase, cheaper and higher quality rice is now being illegally imported from Thailand, Myanmar rice traders say. Speculation over rice shortages since nationwide flooding in July and August increased transportation costs in some areas, and high production costs for farmers have driven up rice prices around the country. To still the […]
Rice Federation Forecasts Exports to Resume as Scheduled in Mid-September
RANGOON — Recently halted after severe flooding that inundated swathes of the country, Burma will resume rice exports as scheduled from mid-September, the country’s rice federation said on Monday. Members of the Myanmar Rice Federation had agreed to a temporary pause on exports and to sell domestically at regular prices to buyers in urgent need […]