Japan signs huge rice deal with Myanmar

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Myanmar riceJapan has foregone the infamous protectionist policies held up by its rice industry to purchase 5,000 tonnes of the staple grain from Myanmar in an effort to boost the Southeast Asian nation’s ailing agriculture sector.

The shipment, to be made in May 2013, will be the first time Japan imports Myanmar rice in 45 years.

Myanmar, once the largest exporter of rice in the world, has already begun drafting plans to revitalise the lagging industry after years of neglect.

The deal signed with Japan’s Mitsui and the Myanmar Agribusiness Public Corporation will cement the construction of four rice-processing plants, which will also include mills, to help further facilitate the deal.

In Myanmar, the annual consumption rate of rice is 210 kilogrammes per person, making the impoverished ASEAN nation the world’s largest consumer per capita, according to government statistics.

Myanmar people have a diet that is 75 per cent rice, making the agriculture sector all the more important for food security needs.

Agriculture is  responsible for 70 per cent of the workforce in Myanmar, and accounts for 43 per cent of GDP.

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Reading Time: 1 minute

Japan has foregone the infamous protectionist policies held up by its rice industry to purchase 5,000 tonnes of the staple grain from Myanmar in an effort to boost the Southeast Asian nation’s ailing agriculture sector.

Reading Time: 1 minute

Myanmar riceJapan has foregone the infamous protectionist policies held up by its rice industry to purchase 5,000 tonnes of the staple grain from Myanmar in an effort to boost the Southeast Asian nation’s ailing agriculture sector.

The shipment, to be made in May 2013, will be the first time Japan imports Myanmar rice in 45 years.

Myanmar, once the largest exporter of rice in the world, has already begun drafting plans to revitalise the lagging industry after years of neglect.

The deal signed with Japan’s Mitsui and the Myanmar Agribusiness Public Corporation will cement the construction of four rice-processing plants, which will also include mills, to help further facilitate the deal.

In Myanmar, the annual consumption rate of rice is 210 kilogrammes per person, making the impoverished ASEAN nation the world’s largest consumer per capita, according to government statistics.

Myanmar people have a diet that is 75 per cent rice, making the agriculture sector all the more important for food security needs.

Agriculture is  responsible for 70 per cent of the workforce in Myanmar, and accounts for 43 per cent of GDP.

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