Myanmar receives the quota of 0.1 million ton of rice to export to China
Yangon, June 11
Myanmar gets the allocation of 0.1 million ton of rice to ship to China as the second time. It results from the meeting between State Counsellor Daw Aung San Suu Kyi and Chinese President Mr. Xi Jinping.
China National Cereals, Oils and Foodstuffs Corporation (COFCO), China's state-owned conglomerate, and Myanmar Rice Federation (MRF) then inked MoU in Beijing on 20 June. Agreement just means MRF is to supply the information of Myanmar rice market to the counterpart and support the rice deal.
ASEAN country also attained the similar quota as the first time in 2015 as the payoff of the talk between the President at that time and Chinese Prime Minister in September, 2014. However, the country didn't have the privilege in-between years.
Only 11 companies recognized by China, in Myanmar can take the advantage of the chance currently. Myanmar Inspection & Testing Services Ltd (MITS) will pick out further companies yet so that they will be eligible to enjoy the opportunity if favoured by China. MITS sees 42 companies has applied for rice selling, and will check the 103 rice mills.