Illustrative image (Source: moi.gov.mm)Hanoi (VNA) - The Myanmar RiceFederation (MRF) will hold a forum for sustainable development of rice industrythis month, the official Global New Light of Myanmar reported on February 3.
Under the title "Rice Trade DevelopmentForum," the event aims to maintain the status of the country's rice sectorand exchange views for the sectoral development.
The forum will also host panel discussions oncontrolling the rice price, farmers' problems, gaining appropriate profits forrice millers, rice merchants and exporters, and providing assistance to smalland medium enterprises.
Official figures show Myanmar earned about 700 million USDfrom exporting 2.6 million tonnes of rice as of January 19 in the current2017-18 fiscal year.
During the period, the country's agriculture productexport hit 2.4 billion USD, accounting for 25 percent of the total exports.
Challenging with erratic weather, dependence on foreignmarket demand, and request to increase value-added products, Myanmar is makingefforts to promote agricultural production, while addressing the issue of hightransportation cost.
In September 2017, Myanmar signed a memorandum ofunderstanding on exporting 300,000 tonnes of rice to Bangladesh in line with apreviously signed inter-governmental agreement.
Accordingly, Myanmar will ship 250,000 tonnes of whiterice and 50,000 tonnes of parboiled rice to Bangladesh eachyear up to 2022.-VNA
VNA
