Indonesia to sign rice import deal with Myanmar

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Asean Affairs September 27, 2016

Indonesia to sign rice import deal with Myanmar

Myanmar is due to sign a memorandum of understanding (MoU) with Indonesia to export 500,000 tons of rice a year until 2019, according to Myanmar’s Commerce Ministry.

“There is a new minister of commerce in Indonesia and it has requested to postpone the deal for the time being. We are scheduled to visit Indonesia this month to sign the agreement,” said assistant secretary of the ministry Khin Maung Lwin as quoted by Myanmar Eleven on Sunday.

About 90 percent of rice exports currently go overland to China, but the Myanmar Rice Federation is looking to increase sales to Indonesia, the Philippines and Japan.

The Indonesian government initiated a plan to import rice from Myanmar in December 2015, saying that importing rice from Myanmar would serve as backup in case rice imports from Vietnam and Thailand were not adequate to stabilize local prices.

In May 2016, the Indonesian Agriculture Ministry reported that 15,000 tons of Myanmar rice had entered Indonesia, but was halted at Tanjung Perak Port, Surabaya, West Java. Then-trade minister Thomas Lembong refused to comment on the problem behind the rice import initiated by the State Logistics Agency (Bulog).

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ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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