In November, China National Cereals, Oils and Foodstuffs Corporation will hold a trade fair in Shanghai, in which MRF will sign an MOU with China.

An MOU was signed with China National Cereals, Oils and Foodstuffs Corporation in June, agreeing to export 100,000 tonnes of rice. However, the export volume has reached 90,000 tonnes currently.

“So we are trying to export more. Moreover, we try to designate the basic price of the rice grain,” said U Chan Thar Oo, an official of the MRF.

MRF has calculated the base price of three kinds of rice and will present these results to the government said U Soe Htun, an official of MRF.

Currently, rice is being exported to China through a government-to-government agreement and a barter system in exchange for Chinese goods.

Myanmar exports rice to China mostly through the border. However, rice exports have declined in the current fiscal year due to frequent disruptions and closures as Chinese authorities clamp down on illegal trade.

As such, the country is also looking for new export markets for its rice, primarily by sea. It recently began exploring Mozambique and Liberia as potential new markets, according to the Ministry of Commerce. Myanmar ships more than 30,000 tonnes of rice every week.

During fiscal 2017-18, Myanmar exported a high of 3.6 million tonnes of rice, according to official data.

Source: https://www.mmtimes.com/news/myanmar-rice-federation-export-rice-china.html