The Myanmar government has reserved about 2,200 tonnes of rice during this month, according to the press statement of the Myanmar Rice Federation (MRF).
According to a report by the Global New Light of Myanmar on May 30, the Ministry of Commerce, Myanmar Inspection and Testing Service (MITS), the authorized organization of the State and MRF have implemented the rice reserve scheme since 30 April.
The state purchased about 2,200 tonnes of rice from 80 companies as of 27 May, in line with the set rules and regulations.
As part of these regulations, exporters have to sell 10% of total export volume (25% broken, well-milled and sorted rice).
As the report notes, the reserved rice must be sent to the state’s warehouse.
It is the job of the MITS, the authorized organization of the State, to inspect and verify the quality and quantity of the rice.