Thursday, July 6, 2017

Myanmar rice to be exported to Philippines

 July 5, 2017
Myanmar Rice Federation plans to export Myanmar rice to the Philippines with a tender system, Dr. Soe Tun, the vice chairman of Myanmar Rice Entrepreneurs Association, told the Global New Light of Myanmar.

“We have decided to export Myanmar rice to the Philippines with tender system. Previously, representatives of the governments of Myanmar and the Philippines have signed a Memorandum of Understanding (MoU) for the export of Myanmar rice to the Philippines,” said Dr. Soe Tun. “But, the Philippines were not willing to pay the propoed price. Therefore, we could not export Myanmar rice then. If they win the tender now, we will send the rice.”

The Philippines offered quotation for Myanmar rice to the Philippines through their embassy in Yangon. Myanmar Ministry of Commerce officials intend to make a counter offer in the third week of July. China is currently the main buyer of Myanmar rice followed by other Asian nations, African countries and Europe.

Myanmar exported over 400,000 tonnes of rice this year and plans to export a total of 2 million tonnes by the end of the year, said Dr. Soe Tun.
By May Thet Hnin

Ref; The Global New Light of Myanmar

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