Myanmar earns US$ 90 million from rice export last month

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File Photo: Export rice bags are being loaded onto the overseas-going merchant vessel at Yangon Port.  

Myanmar earned US$ 90 million from rice export in November which exceeded that of previous month, according to the data released from the Myanmar Rice Federation.

Rice export earnings from respective volumes are US$ 63 million from 119,526 tonnes in October and US$ 90 million from 175,990 tonnes in November.

A total of 759,673 tonnes of rice were exported from April to November in this financial year, generating revenues of US$361 million.

The Myanmar Rice Federation expects to export two million tonnes of rice in 2023-2024 financial year.

A previous license requirement to pre-stock 100% of export rice has been reduced to 50%, according to the Myanmar Rice Federation.

Thit Taw/ZN

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