YANGON, Feb. 3 (Xinhua) -- The Myanmar Rice Federation (MRF) will hold a multi-stake holder forum for sustainable development of rice industry this month, the official Global New Light of Myanmar reported Saturday.

Under the title "Rice Trade Development Forum," the event aims to maintain the status of the country's rice sector and exchange views for the sectoral development.

The forum will also host panel discussions on controlling the rice price, farmers' problems, gaining appropriate profits for rice millers, rice merchants and exporters and providing assistance to small and medium enterprises.

Official figures show the country earned about 700 million U.S. dollars from 2.6 million tons of rice exports which is a major agricultural product as of Jan. 19 in the current 2017-18 fiscal year.

During the period, the country's agriculture products export hit 2.4 billion U.S. dollars, accounting for 25 percent of the total exports

Challenging with erratic weather, capacity and technical know-how to yield value-added products and dependence on foreign market demand, Myanmar is making efforts to promote agricultural production, while addressing the issue of high transportation cost.