Myanmar to export 40,000 tonnes of rice to Africa

Myanmar will export 40,000 tonnes of rice to Africa in early April in a bid to promote direct deal with the continent in agricultural sector, local media reported.

Monday, April 02, 2012

Myanmar will export 40,000 tonnes of rice to Africa in early April in a bid to promote direct deal with the continent in agricultural sector, local media reported.At present, one tonne of Myanmar rice is priced at 335 U.S. dollars, the 7-Days News quoted Myanmar Rice Industry Association (MRIA) as saying.According to the report, Myanmar exported over 530,000 tonnes of rice in the first 10 months (April-January) of the fiscal year 2011-12.Meanwhile, a memorandum of understanding was signed between MRIA and the Perum BULOG (Indonesia National Food and Logistics Agency) in January on exporting 200,000 tonnes of Myanmar rice in a year and on exploration of more opportunities for technical cooperation especially in the areas of rural and agricultural sector.