Saturday 31 August 2013

Demand for Myanmar rice still strong in China

China continues to purchase Myanmar rice despite dwindling exports during the month of July, according to traders.
 
Rice exports decreased 6 fold during the month of July. Currently Myanmar competes with Vietnam to export rice to China which is also buying Vietnamese rice because it is cheaper.


"We have a lot of export rice because the rice traders are selling their collective rice. Currently, China is purchasing Myanmar’s rice because it is of high standard. There is 1,000 to 1,200 tons of rice a day in Muse Trading Camp,” said Chan Thar Oo, Vice-Chairman of Myanmar Paddy Association.
 
The price of rice has also increased in the local market in July, though the price is now stable due to selling of state reserve rice.
 
Myanmar exports high quality rice at US$ 450 to 460 per tonne. It also sells lesser quality rice (25 percent broken grain) at US$ 405 to 410 per tonne.
 
source: Eleven Myanmar
    

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