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Myanmar rice to enter Philippine market

/ 03:02 PM July 13, 2016
rice fields in the countryside from myanmar

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The Philippines has offered to buy Myanmar rice through a government-to-government channel, according to the commerce ministry.

Khin Maung Lwin, the assistant secretary of the commerce ministry, said: “The Philippines contacted the Myanmar embassy there requesting to buy rice from Myanmar. Normally, the Philippines imports rice from Vietnam. It can be said that we may overtake Vietnam if [the deal] materializes.”

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READ: Duterte gov’t aims for rice self-sufficiency in 2 years

Indonesia has also offered to buy 300,000 tons of rice from Myanmar. The two governments will sign a contract soon, according to the Myanmar Rice Federation. In early 2016, Myanmar’s first-ever rice exports to Indonesia faced difficulties due to pest infestation.

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The government’s plan to export rice aims to expand the country’s rice market. Respective organizations and companies will continue to coordinate rice exports.  The country is making efforts to export rice to new markets in addition to neighboring countries, the EU and Africa.

In the 2016-2017 fiscal year, Myanmar has earned more than US$86 million from the export of over 254,000 tons of rice and broken rice.

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TAGS: Agriculture, economy, Myanmar, Myanmar embassy, Philippine market, rice industry, rice market
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