The National Rice Reserves Supervisory Committee of Myanmar will buy rice for state reserve in January.
According to an announcement by the
committee, the export-quality Emahta rice [25 per cent broking] has been
named to stock pile on tender basis in Yangon region.
Having invited rice traders to submit
their tenders before January 10, the committee has set certain terms and
conditions in its announcement.
It restricts the deal’s amount for each
individual or company within a range of 100 tonnes to 2,000 tonnes. It
also requires bidders to deposit 1 million kyats (US$1,200) as “tender
security deposit”, which will be confiscated if they breach the tender
rules.
An official from the committee said that
the rice will be accepted only if it passes quality inspection. If the
rice is rejected due to lower-than-standard quality, the traders will
have to replace it within three days on their own expense.
Myanmar government bought rice for state reserve two times in the last quarter of the previous year.
The National Rice Reserves Supervisory
Committee is the supervising body, while Central Cooperative of the
country and Myanmar Rice Federation have to cooperate and undertake the
responsibilities to reserve rice for the state.
source: Eleven Myanmar
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