Coordination meeting highlights development schemes for export and agricultural productions

A coordination meeting on collaboration for the development of export and agricultural productions was held at the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon on 4 May 2024.
The meeting was attended by U Ye Min Aung, President of the Myanmar Rice Federation, members of the management committee, directors from the Paddy Branch of the Agriculture Department, companies involved in transporting large quantities for export, companies slated to produce monsoon rice in 2024 with State economic promotion fund in the Yangon Region, and representatives from various associations.
MRF President U Ye Min Aung delivered a speech, followed by a presentation from U Ko Ko Gyi, Director of Agricultural Education Branch at the Agriculture Department, on projects to be formulated with the State economic promotion fund in 2024 monsoon. Additionally, U Lu Maw Myint Maung, General Secretary of the MRF, outlined collaborative plans for the development of rice production among companies and MSMEs.
Subsequently, export companies, MSMEs, and companies involved in implementing the State economic promotion fund, to which relevant personnel provided feedback.
The report indicates that working plans for the participation of rice and broken rice exporting companies in rice production development schemes will be formulated according to the directive of the Union Minister for Agriculture, Livestock, and Irrigation. It is anticipated that for every tonne of rice or broken rice exported, an exporter has to collaborate in rice production development schemes equivalent to one acre.
Consequently, exporters will collaborate and participate in rice production processes, contract farming initiatives alongside farmers and MSMEs, and other aspects such as providing necessary support for fertilizers, seeds, and financial matters. — MNA/TMT