Myanmar’s rice and broken rice exports reached over 110,000 tonnes in April 2024, comprising 111,462 tonnes by seaborne trade and 400 tonnes at the border, statistics released by the Myanmar Rice Federation (MRF) showed.
The federation aims to achieve two million tonnes of rice exports in the 2024-2025 financial year (April-March), bagging one million US dollars.
Myanmar primarily exports rice to European countries. The federation will make efforts to export quality rice to China, Indonesia, and the Philippines at reasonable prices, according to an official of the MRF.
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.
The Central Bank of Myanmar’s monetary policy to control export earnings impeded rice exports, hurting exporters financially. The El Nino weather condition also hampered rice export, the chairperson of the Myanmar Rice Federation affirmed.
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
