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Myanmar,Philippines : Philippines plans to make a government-to-government treaty to procure rice from Myanmar
Publish Date : 07-Dec-2016
The Philippines plans to make a government-to-government treaty to procure rice from Myanmar, said the Ministry of Commerce.
Khin Maung Lwin, a senior official from the ministry said, The Philippines has offered to buy rice. More detailed discussions are needed [for the treaty]. Currently it imports rice mainly from Vietnam. Its market makes enormous demands on rice.
With the deal, the Philippines would become an excellent market for rice. Additionally, the Philippines offered to buy rice from Myanmar in early 2016 however was not successful to make a deal as there exist a price gap between Myanmar and Vietnam, the latter apparently won the tender for a rice deal.
Myanmar exported around 80 per cent of rice to China through the Muse border centre.
In late November, when Muse was attacked by rebels, rice traders said they were preparing to export more rice by sea. Myanmar exports rice to 33 countries and during this year, major exports went to the African market.
During the last fiscal year, the country produced 13.5 million baskets of rice and exported nearly 1.5 million tonnes in the year.
The government has collaborated with experts, exporters and farmers to export more rice in the coming years.
