Action against unregistered rice warehouse operators

The Ministry of Commerce announced on 21 November that warehouse operators will receive a warning first and get their business licence, registration and permits suspended unless they register within two months from the release of the directive regarding the mandatory registration.
The Ministry of Commerce launched the Myanmar Rice Online (MyRO) platform last year to ensure rice self-sufficiency, systematic exports, rice and paddy price stability, systematic registration for rice and paddy storage, and a warehouse financing system.
The ministry released Notification 82/2024 dated 24 October 2024 that the warehouse operators and wholesalers need to seek registration on MyRO through www.myro.com.mm for procurement of more than 2,500 baskets of paddy and over 25 tonnes of rice for commercial purposes. They need to adhere to the registration regulations strictly, the ministry declared. — NN/KK