Published on Thursday, 03 January 2013 17:32
Myanmar has temporarily suspended export of more than 60,000 tonnes of rice as international and local prices have gone down. This has brought about difficulties to farmers, sources said.
The move came after a long holiday in Africa resulting in the suspension of shipping operations during that period. Operations are set to resume end-January.
Myanmar will resume exports only at the end of this month. The rice is stocked with merchants. Businessmen said the government needs to step in and buy the rice from the farmers.
Business Latest News
- Myanmar calls to end illegal timber trade with China
- Myanmar urges China to invest in Kyauk Phyu SEZ
- Six foreign companies receive approval for manufacturing and wood factories
- South Africa interests to invest in Myanmar
- Japan, South Korea propose to import transit buses
- Cambodian private bank has eyes on Myanmar
- FMI launches Ks 25-billion rights issue to finance projects including Thilawa SEZ
- Dawei SEZ impeded as Italian-Thai incapable to finance alone
- Myanmar allows more Asian firms to produce wood products and foodstuff
- Daiwa to help AGD bank’s transformation as public company