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The Philippines to buy rice from Myanmar


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The Philippines to buy rice from Myanmar

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Fireworks illuminate the sky near the holy Shwedagon pagoda during celebrations of Mingalabar festival in Yangon, Myanmar on December 4.//EPA

 

Myanmar’s Ministry of Commerce revealed that the Philippines has offered to ink a government-to-government treaty to buy rice from its fellow Asean country.

 

“The Philippines has offered to buy rice. More detailed discussions are needed [for the treaty]. Currently, it imports rice mainly from Vietnam. Its market has an enormous demand for rice,” said Khin Maung Lwin, a senior official from the ministry.


The Philippines would become an excellent market for rice when the deal was made, the civil servant said.


It also offered to buy rice from Myanmar in early 2016 but failed to make a deal. As there was a price gap between Myanmar and Vietnam, the latter apparently won the tender for a rice deal.

 

Full story: http://www.nationmultimedia.com/news/aec/asean_plus/30301469

 
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-- © Copyright The Nation 2016-12-06
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