China top importer of Myanmar’s rice in April-May

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China is the top importing country of Myanmar’s rice, with over 52,500 tonnes in the past two months (April-May) of the current financial year 2024-2025, followed by Belgium with over 26,700 tonnes and Indonesia with over 26,600 tonnes, Myanmar Rice Federation’s statistics showed.
Additionally, over 10,600 tonnes to Spain and 10,000 tonnes to Cameroon were also exported.
Myanmar has shipped over 183,141.5 tonnes of rice to external markets in the past two months, bagging $91.26 million.
The federation aims to achieve over 2.5 million tonnes of rice exports in the 2024-2025 financial year (April-March), bagging one million US dollars.
The Ministry of Commerce is working together with the Union of Myanmar Federation of Chambers of Commerce and Industry, Myanmar Rice Federation, Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association, Myanmar Garment Manufacturers Association, Myanmar Industries Association, Myanmar Rubber Planters and Producers Association, Myanmar Fisheries Products Processors and Exporters Association to meet monthly export targets and facilitate exports.
The federation aims to achieve 2.5 million tonnes of rice export in the FY 2023-2024, generating earnings of one billion dollars. However, rice exports fell short of the target with 1.6 million tonnes worth $845 million.
The Myanmar Rice Federation President affirmed that the Central Bank of Myanmar’s monetary policy to control export earnings impeded rice exports, hurting exporters financially, and the El Nino weather conditions also hampered rice exports.
Myanmar exported 2,261,203 tonnes of rice and broken rice to foreign trade partners in the past 2022-2023 FY (April-March), with an estimated value of $853.472 million. — NN/EM

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