Myanmar takes measures to support rice prices

14/11/2016,

The Government is taking measures to support rice prices, which have been declining, with seasonal trends exacerbated by downward pressure from an expected good output and a slowdown in exports to China, the main buyer of Myanmar rice. rice. The Government has formed special working groups to organize state purchases of paddy and is considering temporary exports of rice paddy, as shipments are normally restricted to milled rice only. Exports of about 300 000 tonnes of paddy would be allowed for three months, from November until January. The measures aim to support domestic prices and protect farmers. Wholesale prices of Emata High Yielding Variety (EHYV)-First Quality (FQ) declined by 7 percent in October and were 21 percent down from the corresponding month last year.

Country: Myanmar