Myanmar earns $751 mln from 2.46 tonnes of rice export in 11 months

DSC 9534 0
Rice bags are loaded onto lorries at a port in Yangon in 2017. Photo: Phoe Khwar

Myanmar has exported over 2.46 tonnes of rice and broken rice from 1 October to 28 August in the financial year 2019-2020, earning over US$ 751 million, according to the figures released by the Myanmar Rice Federation. The country exported over 1.55 million tonnes of rice and 915,309 tonnes of broken rice, earning over $ 751 million in toto, this FY. Myanmar exports the rice and broken rice via sea route and border trade routes. During the period, it sent 389,354 tonnes of rice and broken rice via border trade routes, generating an income of $113 million while Myanmar shipped 2.07 million tonnes of rice and broken rice this FY, earning $ 751 million. MRF expected to ship 2.4 million tonnes of rice and broken rice in the current FY, and the country meets the export target by the end of this financial year.
The country has shipped rice to 66 foreign markets and broken rice to 60 countries’ needs. China is the primary buyer of Myanmar rice, followed by Malaysia and Madagascar. Myanmar has also exported broken rice mostly to Belgium, followed by China and Senegal.
From October of 2019 to 28 August of 2020, China consumes 29 per cent of total export, followed by Africa market with 28 per cent, European Union market with 20 per cent, Asian countries with 19 per cent, and other countries with 4 per cent consumption of total export.
This financial year’s rice and broken rice export surpassed the last FY’s figures by 301,996 tonnes when Myanmar exported 2.16 million tonnes of rice and broken rice in the corresponding period of last fiscal year. — Zin Yaw Aye (Translated by Hay Mar)

Share this post


Hot News
Hot News