Myanmar earns nearly US$800 mln from export of over 2.58 mln tonnes of rice in 2019-2020FY

MYANMAR earned nearly US$800 mln from the export of over 2.58 million tonnes of rice including 0.9 million tonnes of broken rice during 2019-2020 (October/September) financial year, according to a news release from the Myanmar Rice Federation (MRF).
The volume of rice export has risen this FY compared to the same period of last FY. This year, the country earned nearly US$800 million from the export of 2.58 million tonnes of rice and broken rice, said an official from MRF.
“Rice export target was set at 2.5 million tonnes in the early months of FY2019-2020 and later reduced to 2.4 million tonnes because of the outbreak of the COVID-19 pandemic. But we, somehow, managed to exceed the target, thanks to the efforts exerted by all stakeholders,” said an official from MRF.
Myanmar exported 62 per cent of rice to 66 countries and 38 per cent of broken rice to 60 countries.
The country exports rice primarily to ten countries, including China, the Philippines, Malaysia, Poland, Kenya and Togo. In contrast, Myanmar exports broken rice mainly to Belgium, China, Indonesia, the Netherlands, United Kingdom, Thailand, India and Poland.
In 2019-2020FY, 16 per cent of rice exports were across land borders, while 84 per cent was exported by sea.
We can export rice to foreign countries, even in the pandemic period. Also, the country has increased export of Myanmar rice to 10 more countries because of stockpiling of the rice in their countries. — Zin Yaw Aye(Translated by Hay Mar)

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