CHAN MYA HTWE 17 DEC 2018
Description: Farmers harvesting paddy in the outskirts of Yangon. Zarni Phyo/The Myanmar Times
Farmers harvesting paddy in the outskirts of Yangon. Zarni Phyo/The Myanmar Times
An agreement has been signed between two Chinese companies and the Shan State (Northern) Rice and Paddy Development Public Co Ltd to trade 15,000 tonnes of rice and 10,000 tonnes of maize, U Chan Thar Oo, managing director of the company, told The Myanmar Times
He said the agreement signed on December 14 allows the Chinese companies to buy the maximum stipulated amounts allowed by China’s government.
“China’s government has quotas for rice and maize imports. We would like to sign deals for 100,000 or one million tonnes, however, we signed deals for the amount that our Chinese partners can officially obtain import licences for. It is first step. If it is successful, other deals may come,” he said.
Shan State (Northern) Rice and Paddy Development’s rice mills are among mills approved by China’s General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China.
Myanmar’s is still negotiating with the Chinese government on quotas for rice exports.
The signing of the contract earlier this month was on a business-to-business basis, but the Myanmar Trade Promotion Organisation is negotiating with Chinese government for broader arrangements in terms of rice exports.