20 September 2023
Measures are underway for more rice trading agreements under the rice demand of Bangladesh and supply of Myanmar, according to the Ministry of Commerce.
A memorandum of understanding on rice trade between the two governments of Myanmar and Bangladesh was signed in September 2022. According to the agreement, Myanmar will export and sell a maximum of 2.5 million tons of white rice and 50,000 tons of parboiled rice to Bangladesh every year starting from 2022 to 2027.
In 2023, 2 million tons of white rice was exported to Bangladesh and plans are being made to sign an agreement for further exports.
Since 7 September 2017, Myanmar and Bangladesh have engaged in rice trade under the government-to-government pact.
That MoU stated that Bangladesh has agreed to buy Myanmar’s white rice (250,000 tonnes) and parboiled rice (50,000) tonnes between 2017 and September 2022.
Bangladesh’s Directorate General of Food and MRF signed the sales contracts as per the MoU and Myanmar sent 100,000 tonnes of rice to Bangladesh each in 2017 for the first time and 2021 for the second time, as per the sales contract.
For the third time, Myanmar exported 200000 tons of white rice to Bangladesh in 2022.
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