16th August 2017
The Myanmar Rice federation (MRF) has decided to export 300,000 tons of rice to Bangladesh within the facial year.
Myanmar Rice Federation (MRF) informed that both the neighboring countries are currently negotiating a Memorandum of understanding (MoU) over the mater.
Myanmar is expected to export 250,000 tons of white rice and 50,000 tons of parboiled rice to Bangladesh. Earlier this year, the Bangladesh Embassy to Myanmar proposed to purchase the rice. Dhaka communicated with MRF and Myanmar commerce ministry over the mater.
U Ye Min Aung, secretary of MRF informed that five of their representatives went to Bangladesh, a country known for relentless floods every year, to discuss the matter on 5 August last.
Some tons of rice is understood to procure from Arakan, which is adjacent to Bangladesh. The Sittwe port is expected to get utilized for the export mission along with Yangon and Pathein.
Myanmar has already exported about 900,000 tons of rice to foreign countries by July this year. Major volume of the rice was imported by China (60 percent) followed by different countries of Africa, Europe and southeast Asia.