Rice trade policy in the pipeline: MRF

A farmer at work in Bago Region.

The Myanmar Rice Federation (MRF) says it is making efforts to ensure the emergence of a rice trade policy during this financial year.

Ye Min Aung, the general secretary of the MRF, said: “Since 2014-15, our federation has submitted a draft rice trade policy on retail and wholesale of rice, export and storage.

“The rice trade will develop at home and abroad only when there is a certain policy. The rice sector has two major parts: production and trade. Rice production has no policy. But production is more important than trade. Trade can help boost production. An increase in trade is coupled with increased production. The same purpose of farmers and merchants is to sell paddy rice. A rice trade policy is crucial as trade and production are interrelated,” he added.

The MRF submitted a rice trade policy to the Commerce Ministry under the previous government. The Commerce Ministry has since formed a committee to draft a rice trade policy. The MRF said it would encourage the Commerce Ministry to reform the committee led by the deputy minister.

The policy is set to cover rules on retail and wholesale storage, food sufficiency and safety, increased yields, trade promotion and exports.