MT News
AS agriculture and livestock are the backbone of Myanmar’s economy, it earns foreign currencies from rice exports beyond self-sufficiency. The State is supporting the stockholders including farmers and investors in order to bring about business opportunities. According to the Memorandum of Understanding between Myanmar and Bangladesh regarding rice trade, 200,000 tonnes of white rice from Myanmar will be exported to Bangladesh. A total of 2,650 tonnes of rice are to be directly shipped by the MV MCL-7 for the first time from the Ayeyawady International Industrial Port AIIP in Pathein Industrial City, Ayeyawady Region to Bangladesh.
Bangladesh and Myanmar officials signed a sales contract on 8 September in order for exporting 200,000 tonnes of Myanmar’s white rice to Bangladesh. About 30,000-50,000 tonnes of rice are scheduled to be sent to Bangladesh from the Pathein Port. On 28 October, the loading of 2,650 tonnes of Emahta rice (5% broken) onto the ship heading for Bangladesh commenced.
“Rice exports generate foreign currencies as well as contribute to private sector development. It is the first step of the regional efforts with the first ever direct rice shipment from Pathein city to the external market, with an aim to spur the developments in public and private sectors harmoniously together. The next step is to facilitate the trade in the Pathein Industrial City as the government is looking forward to the city with good prospects. The exports of rice also cause the GDP growth in the region. In addition to rice, corn and sesame are also targeted to be directly exported to foreign markets through the Pathein City. Following the guidance of the ministry concerned and the regional government, the Department of Consumers Affairs will join hands to be in harmony with the rice associations,” said U Tun Tun, deputy director of Ayeyawady Region Consumers Affairs Department.
The loading process of 2,650 tonnes of rice will be completed on 31 October and the MV MCL-7 will leave for Bangladesh through the AIIP. More ships will arrive and depart at the Port. It is the direct export of local products from Ayeyawady Region.
Myanmar’s rice exports to the neighboring countries can enhance the livelihood of the farmers and create business opportunities for the related businesses driven by rice exports. This achievement in Pathein city can also strengthen the tripartite relationship between the State, farmers and entrepreneurs for ensuring the sustainable market and export promotion.
