Myanmar rice traders have agreed to suspend exports of rice until mid-September to maintain price stability and local self-sufficiency amid the country encountering severe floods, Myanmar Rice Federation said on Tuesday [4 August 2015]. Industry stakeholders decided one-and-a-half-month freeze to ensure an adequate supply of rice for the domestic market and suspend exports until September 15, when the harvesting of monsoon paddy is set to begin, said Dr. Soe Tun, vice president of the federation…Full Article: Xinhua Aug 2015
- According to Myanmar’s Ministry of Agriculture and Irrigation, nearly 344,500 ha of farmland was flooded, of which Rakhine state (western Burma) accounted for 105,300 ha.
- In July 2015, according to the Joint Secretary of the Myanmar Rice Federation, 59 Chinese rice traders were arrested for tax evasion in China, causing exports to slow. China reportedly accounts for half of Myanmar’s rice exports.
- In March 2015, Myanmar’s Rice Federation 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 (northern Shan State, 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.