More than 20,000 tonnes of rice have been sent to Bangladesh by up to October 2022, according to the Ministry of Commerce. Myanmar and Bangladesh inked a Memorandum of Understanding (MoU) on rice trade in September this year. According to this MoU, Bangladesh has agreed to buy 250,000 tonnes of rice and 50,000 tonnes of parboiled rice from Myanmar between 2022 and 2027.
Following the MoU, Bangladesh’s Directorate-General of Food and MRF signed a sales contract for 200,000 tonnes of Myanmar’s rice to be exported to Bangladesh. As per the sales contract, Myanmar has shipped over 20,000 tonnes of rice to Bangladesh up to 31 October 2022. Furthermore, over 15,000 tonnes of rice are being loaded onto the vessel for now. The remaining over 150,000 tonnes of rice will be exported during the set period.
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.
Source: The Global New Light of Myanmar