Price of rice conveyed to China fetches 150 yuan per bag

The rice price fetched about 150 Yuan per 108-pound bag which reached China, said U Min Thein, vice-chairman of Muse Rice Wholesale Centre.
About 10,000 rice bags are daily exported to China through the Kyinsankyawt border post at the Muse border trade zone.
The rice and low-quality rice, stranded in Muse, are being exported to China. But the rice from the lower region had not yet been exported to Muse, U Min Thein clarified.
“We are not allowed convey the rice from the lower region to Muse. We have to clean up the items in Muse that were stuck six months ago,” he added.
China has closed down most of the border posts from the Muse trade zone following COVID-19 cases in Myanmar. Among the Sino-Myanmar land borders, Kyinsankyawt crossing resumed operations on 26 November.
About 40 trucks of Myanmar products consisting of rice and broken rice, rubber, various types of peas, dried plums, watermelon, melons and other foodstuffs are daily conveyed to China through the Kyinsankyawt checkpoint at the Muse border trade.
Currently, Myanmar has shipped over 500,000 tonnes of rice and broken rice to foreign trade partners between 1 October and 30 November in the current mini-budget period (2021-2022), the Myanmar Rice Federation (MRF) stated.
Among them, the country sent over 27,000 tonnes of rice and broken rice to the neighbouring countries through border trade zones, whereas it placed over 470,000 tonnes in the international market via maritime trade.
Last 2020-21 FY, Myanmar also generated an income of over US$700 million from two million tonnes of rice exports to foreign countries.
Myanmar shipped rice to nearly 60 foreign countries and of them, China is the main buyer of Myanmar rice and broken rice. — NN/GNLM