AreaMyanmar

Commodity GroupRice

CommodityAll

Date09/05/2016

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAnnounced that the Myanmar Agricultural Development Bank (MADB) would expand loans for monsoon paddy by 50 percent to MMK 150 000 (USD 126) per acre. Interest rates on these loans would rise from 5 to 8 percent, with the previous 10-acre ceiling per farmer maintained.

NotesExchange rate as of 1 July 2016.