Rice Exports to China Expected to Spike
26 November 2013
Burma’s rice exports to China could double next month, according to a report by Mizzima. Citing officials from the Muse Commodity Exchange Center in the border town of Muse, the report says that high demand from consumers in China could drive exports up to 4,000 tons per day in December, up from the current level of 2,000 tons per day. “I don’t predict that the demand for rice will drop off after December,” said Thau Kyar, a rice merchant from the center, adding that besides immediate demand, China is also stockpiling rice for future reserves. Burma has exported more than 1.5 million tons of rice so far this year, nearly half of it to China.