Export-based reserve rice scheme reaches 800,000 bags storage thanks to cooperation from exporters
U Ye Min Aung, president of the Myanmar Rice Federation, said at a press conference on 27 November that there are about 800,000 bags of rice in the export-based reserve rice system implemented by the cooperation of exporters at the rice centre.
15 per cent aemahta varieties of fairly good rice quality have been stored as reserve rice, he added.
“We have made an export-based rice reserve system like the national reserve rice. Export-based is the participation of traders and exporters. So, for every tonne of rice export, one bag of rice is added to the reserve system. This is done with the cooperation of exporters at the rice centre. This programme has now about 800,000 bags of rice, the main variety is 15-mark aemahta. Domestically, the grassroot people can eat it, so it is fairly good,” he said.
With the reserve of 800,000 bags of rice, if there is a need by the charity association, social groups or factories, the federation will sell them. In addition to the export-based reserve rice system, Shwe Bo Pawsan and Ayeyawady Pawsan varieties are being sold under home delivery system.
“Despite the rice distribution and sales, our federation is not an organization that does business. However, due to the current situation and the needs of the market, especially for industrial zones, employees of companies, factory workers, and grassroot people, we will take out from this reserve and sell rice to them, ” he added.
MT/ZN
