Malaysia has offered to buy about 15,000 tons of rice from Myanmar

Malaysia has offered to buy about 15,000 tons of rice from Myanmar and will invite a tender in December, according to the Ministry of Commerce.

“Malaysia has proposed to buy about 15,000 tons of rice from Myanmar. As it will buy our rice through tenders, we will call tenders this month,” said a ministry official.

The ministry’s figures show that the export volume of rice and broken in about 45 days this fiscal year has fallen by over 170,000 tons compared to the same period of last year with rice export income falling by over US$30 million.

From October 1 to November 13 in the current 2020-2021 fiscal year, 226,537 tons of rice and broken rice worth US$87.184 million were exported.

“When compared to the same period of the previous year, export volume has decreased in both rice and broken rice. Rice export has decreased by 121,451 tons worth US$23.115 million and broken rice export by 50,440 tons worth US$8.183 million,” the official said.

Myanmar exports rice and broken rice through border and maritime trade routes. Maritime trade is used with EU and African markets while border trade is used with China via Muse border. 

(Eleven Media Group: https://elevenmyanmar.com/news/malaysia-offers-to-buy-about-15000-tons-of-rice )

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