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June 25, 2019

Union Minister, MRF hold meeting on stabilizing paddy price

Union Minister Dr. Aung Thu holds meeting with  Myanmar Rice Federation (MRF) Chairman, private business owners and officials from public companies in Nay Pyi Taw yesterday. Photo: MNA
Union Minister Dr. Aung Thu holds meeting with Myanmar Rice Federation (MRF) Chairman, private business owners and officials from public companies in Nay Pyi Taw yesterday. Photo: MNA

Union Minister for Agriculture, Livestock and Irrigation Dr. Aung Thu, Deputy Minister U Hla Kyaw, Permanent Secretaries, directors general, Myanmar Rice Federation (MRF) Chairman and members, private business owners and officials from public companies attended a meeting held in the meeting hall Ministry of Agriculture, Livestock and Irrigation Union Minister Office in Nay Pyi Taw yesterday afternoon. The meeting was held to discuss increasing public-private cooperation with regards to declining paddy prices and alleviating difficulties faced by the farmers.
In the meeting the Union Minister invited discussions on matters in which the ministry was required to do to resolve the matter of declining paddy price, provide immediate assistant and help to farmers facing losses, setup work processes to stabilize paddy price in the long run and increase public-private cooperation.
The meeting then discussed balancing the value of investment and production, actual implementation works according to designated base price, difficulties in field purchases and drying machine in storage, acquisition of short term loan, increasing purchasing power, preparation for forthcoming raining season, coordination between relevant departments toward speedy inspection and approval of standards and norms for export sale, issuing necessary notifications to implement contract farming, increasing the paddy purchase of mills by fulfilling the mills’ energy requirements it is learnt. — MNA (Translated by Zaw Min)

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