The local prices of rice become volatile due to the fake and fabricated news released by some media agencies via online social media networks. Therefore, with an intent to clarify about the actual situation, Deputy Minister for Commerce U Nyunt Aung responded as follows to the questions raised by media outlets –
- Myanmar had cultivated 15 million acres of monsoon rice accounting for 1,088 million Tinns of rice production and 2 million acres of pre-monsoon rice with 213 million Tinns of rice production in 2021 alone. Therefore, Myanmar accounted for 1,301 million Tinns of rice (13.01 million tonnes) production in total.
- After extracting seeds and wastes, the net remaining rice is 12.282 million tonnes. The estimated requirement to consume for the 55 million people in the country is only 9.88 million tonnes of rice. Therefore, the amount of foreign export is around 2.88 million tonnes of rice.
- The amount of rice export in 2022 up to August was only 1.338 million tonnes of rice and 0.808 tonnes of broken rice. Therefore, the local remaining rice will be 3.635 million tonnes of rice.
- There will require 3.134 million tonnes of rice from the remaining rice for local consuming for four months from September to December. In the end of September, rice will acquire from the monsoon rice cultivated in this monsoon season of this year. Therefore, people need not worry for the local sufficiency of rice and foreign export of rice will continue as usual, explained the Deputy Minister.
The Ministry of Commerce usually permit the foreign export of agricultural products and basic food items providing that the local sufficiency is secure. Likewise, the export of rice is also systematically permitted after the considering the local sufficiency. The current situation of remaining local rice is fairly sufficient prior to the new production of monsoon rice. Moreover, people need not to worry about the rumours and fake news because the remaining rice is sufficient for local consuming.
Source: Myawady Daily Newspaper (28-8-2022)
- After extracting seeds and wastes, the net remaining rice is 12.282 million tonnes. The estimated requirement to consume for the 55 million people in the country is only 9.88 million tonnes of rice. Therefore, the amount of foreign export is around 2.88 million tonnes of rice.
- The amount of rice export in 2022 up to August was only 1.338 million tonnes of rice and 0.808 tonnes of broken rice. Therefore, the local remaining rice will be 3.635 million tonnes of rice.
- There will require 3.134 million tonnes of rice from the remaining rice for local consuming for four months from September to December. In the end of September, rice will acquire from the monsoon rice cultivated in this monsoon season of this year. Therefore, people need not worry for the local sufficiency of rice and foreign export of rice will continue as usual.