MRF urges members to follow export regulations
The Myanmar Rice Federation (MRF) called for member companies to strictly adhere to rules and regulations while carrying out rice and broken rice export, according to its notification 15/2024 released on 31 October 2024.
Companies need to stock 50 per cent of export volume before seeking the export licence.
A combined team comprising officials from Myanmar Inspection and Testing Service Limited under the Consumer Affairs Department and MRF conducted pre-licence cargo inspection activities to issue export licences starting from March 2023.
MRF requested companies to meet the demand of the buyers and strictly comply with contract rules, quality control procedures and criteria of the importing countries and follow the regulations of Myanmar.
MRF again notified the warehouse operators and wholesalers to seek registration on the MyRO. www.myro.com.mm for procurement of rice and register inventory list in the first seven days of every month on the MyRO system in accordance with the notification of the Commerce Ministry with a view to ensuring rice price stability and steering the market to avoid price manipulation.
Additionally, export companies are responsible for repatriating export incomes to authorized dealers within the set time frame, which is in line with the export declaration.
Moreover, MRF notified them to draft and report purchasing and storage plans as per each company’s export plan. For further inquiries, the member companies can contact the MRF. — NN/KK
