MRF urges traders to sign contract, comply with regulations

By Nyein Nyein

Myanmar Rice Federation (MRF) has asked the traders to enter into a firm contract and strictly adhere to trade regulations.
On 27 November, the officials of MRF and Rice Depot (Muse) discussed on rice export through Muse land border. At the coordination meeting, they highlighted current border trade situations. These matters will come forward to the governments of the two countries, selling to the authorized companies with rice import quota licence and needs for the firm contract.
Legal trade channel through the border to China is crucial in Myanmar’s rice industry. Therefore, the federation and rice depot (Muse) also agreed to extend their coordination.
At present, Muse depot sees regular trading, MRF stated.
Myanmar companies which have difficulties in entering into a firm contract and complying with regulations can contact the federation or Muse depot, MRF released a notification recently.
About 50 trucks carrying 640 rice bags are daily entering the Muse trade zone for now. Then, the rice bags are continued to be sent to China, said U Min Thein, vice president of Muse rice depot.
China has consumption requirement of about K80,000 bags per day. Only over 30,000 bags can be sent to China due to the transportation difficulties and the tight security measures in China amid the COVID-19 crisis, he maintained.
Myanmar has opened four border trade zones with China; Muse and Lweje in Shan State, and Kampaiti and Lweje in Kachin State. Majority of the trade is carried out through Muse land border. There are many checkpoints at Muse trade zone, and only Mang Weing are now available for trading.(Translated by Ei Myat Mon)

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