International rice prices have declined steadily in the past six months, driven lower partly by a flood of Thai rice following last year’s coup. Local exporters say they initially weathered the competition well, given strong and expanding demand from China. U Lu Maw Myint Maung, one of the country’s top rice exporters and joint secretary of the Myanmar Rice Federation, said world prices for local rice had been about US$360 a tonne, though this dropped to $300 once the Thai floodgates open…Full Article: Myanmar Times Mar 2015
- China and Myanmar have been holding meetings to legalize the rice trade. Accordingly, the Myanmar Rice Federation has selected nine rice milling companies to legally export rice to eastern China’s coastal ports. However, non-licensed rice exports will likely continue overland via Muse (Myanmar) – Ruili (Yunnan Province) border crossing.
- In 2014, China banned Burmese rice imports in order to institute new safety and quality control regulations. According to the Chairman of the Myanmar Rice Federation, China will begin importing rice legally in January 2015 (i.e. at least 1 million MTs of Burmese rice at US$400 per MT).
- From 2009 to 2013, China’s (incl. Hong and Macao) rice imports from Burma increased from 331 MTs to 7,067 MTs. These figures do not include informal or illegal trade across the border.