Trade and markets
 

Detail

Area
Myanmar
Commodity Group
Rice
Commodity
All
Date
09/05/2016
Policy Category
Production
Policy Instrument
Production support
Description
Announced that the Myanmar Agricultural Development Bank (MADB) would expand loans for monsoon paddy by 50 percent to MMK 150 000 (USD 126) per acre. Interest rates on these loans would rise from 5 to 8 percent, with the previous 10-acre ceiling per farmer maintained.
Notes
Exchange rate as of 1 July 2016.