Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Myanmar to meet exporters on new rice policy
BANGKOK , The Myanmar government is due to meet local rice exporters and foreign buyers on Friday to explain a change in rice policy that was announced last month, rice traders said.
"The ministry of commerce has invited major foreign buyers, private traders as well as local exporters for a meeting tomorrow to explain about the government's new rice policy," a Myanmar rice trader told Reuters on Thursday.
In April, Myanmar said it would no longer buy paddy rice from farmers, ending a 40-year practice of buying rice from farmers at lower-than-market prices and selling it to foreign trading firms for export at higher prices.
No other information was made available.
"It remains to be seen whether the government will actually end its monopoly on rice trading and allow free trade," a trader said. The meeting is to take place in Yangon.
Rice is Meander's staple food and most important export commodity.
Once the world's top rice exporter, Myanmar shipped around 900,000 tonnes of rice in 2002, mainly to countries in Asia and Africa, out of its production of some 18 million tonnes.
"I think tomorrow, the government will clarify how exporters can obtain export permits, how they need to proceed in procurement and who will be allowed to be exporters," a trader said.
The Myanmar government had not sold any rice in recent months, traders said.
"The government is just continuing with old contracts, mainly to ship to African countries, Indonesia and Bangladesh," said a trader.
Farmers have planted the country's 2003 crop. The harvest would start in October, traders said.
Traders did not expect any major impact on Myanmar rice exports from US moves to ban Myanmar imports.
"Myanmar usually exports rice to Asia and Africa. None of its major rice buyers is from the United States. Most buyers are Geneva and Singapore-based trading firms," said a trader.
MGR Archive 14.6.2003
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:

  © 2002 All rights reserved. - Legal Notice