Myanmar ships over 110,000 tonnes of rice in May 2023-2024 FY

Myanmar exported more than 110,000 tonnes of rice and broken rice to foreign markets in May of the current financial year 2023-2024, including 46,786 tonnes of rice and 63,920 tonnes of broken rice, according to Myanmar Rice Federation.
The majority of rice exports are conducted through seaborne trade. Myanmar sent 102,801 tonnes of rice and broken rice by sea, whereas the border saw exports of 7,905 tonnes.
Myanmar shipped a total of 87,648 tonnes of rice and broken rice to external markets in April, including 47,888 tonnes of rice and 39,760 tonnes of broken rice.
The volume of rice exported in the past two months totalled 198,354 tonnes, with an estimated value of US$84 million.
Myanmar aims to achieve a rice export target of 2.5 million tonnes in the current FY and generate income of US$1 billion from the rice exports, as per the MRF’s report.
Myanmar bags $853.472 million from 2.26 million tonnes of rice exports in 2022-2023 FY.
Myanmar primarily sent rice and broken rice to China (over 775,000 tonnes), followed by Belgium (323,000 tonnes), Bangladesh (239,000 tonnes) and the Philippines (202,000 tonnes).
Myanmar has been making concerted efforts to grow 10 per cent yearly in the rice export sector. To raise foreign income, it has been prioritizing the export of high-grade rice and boosting export volume, MRF stated.
Myanmar’s export earning swelled to over $809.135 million from 2,164,681 tonnes of rice export in the 2021-2022 FY. – NN/EM