This is a good year for the rice merchants. From april this year to date, rice exports from myanmar have reached 2 million tons, the highest level in 50 years. In the face of a great market, the rice merchants in yangon and mandalay are “mealless”。
At the same time, 90 per cent of mandalay's rice plants are at risk of collapse due to lack of rice. What is happening in yangon and mandalay is indicative of new challenges or crises in rice and rice markets in myanmar. Where are the rice and rice? Why did this happen when the rice market in myanmar was so good
Rangoon mi is in trouble
It is understood that myanmar produces 12 million tons of rice annually, 20 per cent of which is mainly exported. This year, with the exception of china, the government expanded new markets, such as sri lanka and bangladesh, with significant increases in rice exports。
Based on past experience, rice prices fall every time rice comes on the market during the rainy season, so many of this year's rice merchants start selling rice three or four months ahead of schedule. Rice stocks are already low when rice is officially on the market during the rainy season and a large number of merchant ships enter the port of yangon。
When the rice is ready to be loaded into yangon port in the rainy season, bad weather is experienced, which prevents rice from entering yangon immediately. At this time, more than 30 rice traders were deceived by an exporter about 2 billion kyats, which also impacted on the rice market in yangon。
Where's the rice
At a time when the rice market in yangon was incomprehensible for the incident, many rice mills in mandalay were at risk of collapse because they could not buy rice. Where's all the rice
The rice merchant, u sezi, indicated that the rice smugglers had smuggled all their rice abroad through sister wood, hot water ponds, and the marina junction in the town of 8m, kachin state. As a result of rice smuggling, the price of rice rose from 450,000 to 550,000 in the 100-year rainy season, with the subsequent increase in the price of rice. Rice prices in thailand, viet nam and other countries have not risen, and the rice sector in myanmar has been affected。
At the same time, a number of foreign businessmen will go directly into yangon, mandalay and ilowady provinces to buy rice from farmers at high prices. There's a lot of buying and selling and selling. When rice is bought directly by some foreign traders, local mills run the risk of closing down because they cannot buy rice. Once the mill is shut down, there will be no shreds of rice and cereals, and farming will be affected。
Joint action by various sectors in myanmar to combat rice smuggling
Myanmar cultivates 17 million acres of rice (approximately 6. 8 million hectares) per year in the rainy season and 2 million acres (approximately 800,000 hectares) in the summer. In the past few years, rice exports have generated $600 million and are expected to reach $1 billion this year. In particular, rice became a “sweet” for farmers when myanmar pulse production was greatly affected by restrictions on the importation of pulses by the government of india. It was clearly not a good thing that the rice and rice markets were in turmoil。
In an effort to balance the rice market in myanmar, the ministry of commerce had recently released information that customs, kachin state government and shan government would form a joint capture team to pursue arrest and prosecution of those who smuggled rice through areas such as qiu, yangtze street and other areas and to severely combat rice smuggling。
The director-general of the ministry of commerce, u yanawan, stated that farmers ' exports were of higher value after deep processing of rice. At the same time, rice can be processed to provide forage for livestock. It is therefore essential for us to ban rice smuggling. Currently, the relevant departments have deployed additional personnel to check for rice smuggling, such as the zhui line, the hot water pool checkpoint and the westerner street cross in the town of 8m in kachin state. If someone is found to be smuggling, we will be very hard to blame。
With regard to the purchase of rice directly from farmers by foreign businessmen, the relevant head of the ministry of commerce responded that a joint team of the ministry of interior, the ministry of commerce and the ministry of special investigation was currently following up and would be held accountable in accordance with the relevant law if foreign traders were found to have entered myanmar illegally to buy rice。
It is hoped that this action by the government will alleviate the plight of those involved in the rice industry。
