Broken rice export to China fetches high price

Broken rice export to China is making a handsome profit and does a roaring trade, said U Min Thein, vice-chair of the Muse Rice Wholesale Centre.
The current market price of broken rice in the Muse area is K36,000 per 50-kilogramme bag.
“The broken rice export is thriving. The broken rice is offered at K36,000 per bag in Muse (120 Yuan),” he added.
The foreign and domestic demand elevated broken rice prices.
Meanwhile, the price of rice is estimated at K45,000 per 50-kilogramme bag.
At present, approximately 10,000 bags of rice and broken rice are delivered to China through the Muse border. About 60,000 bags of rice and broken rice were earlier exported to China per day through the Muse border.
Between 1 April and 30 June in the 2022-2023 Financial Year, Myanmar conveyed over 550,000 tonnes of rice and broken rice to external markets. Of them, over 510,000 tonnes of rice were shipped to foreign markets through the sea trade and over 33,000 tonnes of rice sent to the neighbouring countries through land borders.
Myanmar generated an income of over US$700 million from export of about two million tonnes of rice in the 2020-2021 Financial Year. — NN/GNLM