The wholesalers are required to submit registration for rice storage for above 5,000 baskets of paddy and 1,000 rice bags (over 50 tonnes) by 26 June 2023 at the latest, Myanmar Rice Federation released a notification on 21 June.
Under the guidance of the Ministry of Commerce, MRF has been making efforts and participating in the development of the rice market, systematic registration for rice storage, fair market and price stability as the role of the private sector.
MRF stated that digital registration service through Online registration (MyRO) is underway to facilitate the registration process.
While the MyRO online registration system is being set up, trial operations of warehouse storage situations will be conducted in Nay Pyi Taw Union Territory, Yangon, Ayeyawady, Bago and Mandalay regions in June and July 2023. The MRF asked those traders to submit a complete registration form by 26 June 2023 at the latest through export@mrf.com.mm/ or Viber No 09.400067240 or to the office of the MRF in person.
The traders must create a warehouse inventory list to track the stocks. The Department of Consumer Affairs and the MRF will go on an inspection tour of the warehouses as a public-private partnership.
The companies are also notified to fill in the registration form according to the stock information of their business partners (millers and rice traders) in other regions.
Those traders who store above 5,000 baskets of paddy and 1,000 rice bags (over 50 tonnes) are included in this registration. Those farmers working on a small scale and the retailers holding hundreds of rice bags in their hands are not entitled to this notification, a rice seller highlighted. The administrative committee of the MRF also notified that trial operations to collect the warehouse storage data are free of charge.
Source: The Global New Light of Myanmar