Trade and markets
 

Detail

Area
Myanmar
Commodity Group
Rice
Commodity
All
Date
27/08/2015
Policy Category
Trade
Policy Instrument
Export ban
Description
Decided to resume rice exports in mid-September, as originally foreseen. The Myanmar Rice Federation made the decision, given that pressure on domestic quotations had eased. Subsequent official statements to the press confirmed that the suspension would be lifted, but that restrictions on overland shipments would not be rescinded until mid-October 2015. Moreover, exporters would be required to keep the equivalent of 2 percent of shipments on reserve until that date in order to meet any foreseeable domestic need.