Detail

Myanmar

Rice

All

27/08/2015

Trade

Export ban

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to the press confirmed that the suspension would be lifted, but that restrictions on overland shipments would not be rescinded until mid-October 2015.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.