Tuesday 11 June 2013

Myanmar Predicted To Become Major Rice Exporter In 2015

BANGKOK, June 10 (Bernama) -- Myanmar is set to become one of the world's leading rice exporters with 3 million tonnes in 2015, a report has said.


 The Kasikorn Research Centre said Myanmar has potential to increase rice production to 2.67 tonnes per hectare this year compared to 2.35 tonnes in 2011, Thai News Agency (TNA) reported.

Target import markets for Myanmar's rice include Indonesia, Malaysia, Philippines and Japan.

However, the report said more than 80 rice mills in Myanmar are currently undersized with farming technology under-utilised.

Last month, Myanmar agreed to ship 5,000 tonnes of rice to Japan at US$490 per tonne in its first move in nearly five decades.

source: BERNAMA

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