Mandalay – Mandalay Rice Development Company (MRDC) had an agreement with a company from China to export 100,000 tons of rice under border barter system and 500 tons (over 10,000 bags of rice) will be exported to China in a few days time, said its managing director Sai Kyaw.

“We will export rice to China this month and they are ready to be sent next week. We planned to send 500 tons initially to learn about the advantages and disadvantages to send rice officially. I think their country had high demand of rice. So they offered us to buy rice from us. If the delivery of the 500 tons of rice is convenience, we will export more rice,” he said.

China agreed to export fertilizers, iron and steel products, construction materials, electronic appliances and farm machinery with five per cent discounts. People and companies who want to import the above mentioned materials, can contact the MRDC.

Traders are targeting to cooperate with importers and exporters to export rice and import goods and machinery from China to create a win-win situation.