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About Company : Myanmar Agribusiness Public Corporation (MAPCO)
To be the vanguard of agriculture and agribusiness sectors. To reform the agro-based industry into a more vibrant and competitive sector To catalyse the agriculture segment to become the nation’s engine of growth To place MAPCO as a prominent and preferred agribusiness investment avenue To position MAPCO as a major global agro-commodities trading entity.
On 21st January 2012, U Chit Khine, Chairman of Myanmar Rice Federation (MRF), together with senior Central Executive Committee members of MRF, had a courtesy meeting with H.E. President U Thein Sein and cabinet ministers. The purpose of the meeting was to promote private-public partnership for the development of rice industry and agriculture sector of Myanmar. One of the outcomes of the meeting is to form a Public Company which can increase the investment and trade of the rice industry and agriculture sector. Hence, Myanmar Agribusiness Public Corporation (MAPCO) was formed in 2012 under the guidance and initiative of Myanmar Rice Federation. MAPCO therefore acts as the business arm of Myanmar Rice Federation.
MAPCO was formally formed in August, 2012 as the Public Company, fully-owned by private investors. MAPCO intends to mobilize public savings and to foster broader investment in agriculture and agro-based industries of Myanmar. In addition, MAPCO is founded in response to the growing demand for a business corporation to lead the private sector of Myanmar’s rice industry. Using market-based approaches and strategies, as well as working in partnership with stakeholders from the farmers to the exporters, MAPCO promises and promotes sustainability and profitability in the interest of national food security, rice and agriculture sector development of Myanmar. MAPCO works closely with the Government of Myanmar to set up and invest not only in modern rice mills and warehousing facilities but also on infrastructure and strategic projects to help alleviate poverty through agribusiness activities within the rural communities. The set of ideals that MAPCO carries is a paradigm shift from the previous agribusiness model to a more robust and comprehensive system.
