There are more than 3000 registered rice storage facilities and more are encouraged to participate, according to Myanmar Rice Federation (MRF) chairman U Ye Min Aung.
All rice warehouses storing 50 tonnes or 5000 baskets of rice and above must be registered in Myanmar Rice Online (MyRO) system starting 4 November 2023, the Ministry of Commerce announced.
“Myanmar Rice Online (MyRO) storage registration system was launched last November. As of 12 August, more than 3000 storage facilities nationwide have been included in the registration system. Furthermore, we are encouraging all storage facilities to register in the system,” he said.
In addition, it is also under arrangement for rice shops to participate in the storage registration system.
“In any case, rice shops will be included in the storage registration system. Small and micro shops which are 10 feet long and 20 feet wide selling rice must also be added to the register. But there will be no registration fees for them. They just need to register,” he added.
The implementation of a modern digital system will also make it easier to change and manage the rice sector.
In addition to sufficiently supply in the domestic market, in order to systematically list and register warehouses in rice market, to export, to record detailed records, and to foster consignment-based financing system, the ministry has launched this programme to register the rice storage warehouses across the country.
MT/ZN
