Myanmar plans to curb rice exports to control domestic prices

Myanmar is planning to temporarily restrict rice exports to control rising domestic prices, an official of its rice industry body said on Friday, joining India, the world’s biggest shipper of the staple amid tightening world supplies.
A senior member of the Myanmar Rice Federation said, “We will temporarily limit rice exports for about 45 days from the end of this month,” adding that rising domestic prices was prompting authorities to limit exports.
According to U.S. Department of Agriculture data, Myanmar is the world’s fifth-largest rice exporter, selling more than 2 million metric tons a year.
Last month, India banned exports of non-basmati white rice, reducing supplies on the global market by about 10 million tons, or 20%.