Myanmar ships over 66,000 tonnes of rice to external markets including EU countries

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File Photo: Two workers are handling rice bags to be loaded onto the vessel with the help of a cranage system.  

Myanmar exported more than 66,000 tonnes of rice and broken rice to the international markets including European Union countries in September by sea, according to the Ministry of Commerce.
In September, Myanmar shipped over 8,870 tonnes of rice to Asian countries and over 15,490 to European Union countries. The seaborne trade earns US$9.704 million from over 24,370 tonnes of rice exports in September.
The country delivered over 3,200 tonnes of rice worth $1.207 million to China and 70 tonnes to Thailand via the cross-border trade routes last month. The volume of broken rice exports was estimated at 20,180 tonnes worth $7.209 million through maritime trade channels, and over 18,410 tonnes worth $6.4 million via border posts to China.
In September, the volume of rice and broken rice through both sea and border trade routes totalled 66,330 tonnes comprising 27,640 tonnes of rice and 38,590 tonnes of broken rice.
Furthermore, Myanmar has signed an agreement to export 250,000 tonnes of white rice to Bangladesh and 21,300 tonnes have been conveyed to Bangladesh so far. According to the Memorandum of Understanding between Myanmar and Bangladesh, Bangladesh pledged to buy 250,000 tonnes of white rice and 50,000 tonnes of parboiled rice annually between September 2017 and September 2022.
.  The price of high-grade glutinous rice from the Pyapon area rose to K78,000 per 102-pound bag, while the glutinous rice from the Bogale-Mawgyun area was priced at K70,000 per bag. The old glutinous rice was valued at K65,000 per bag.
On 25 October, the prices of broken rice were K38,000-39,000 per bag. The prices of low-grade rice were K40,000 for new rice, K44,000 for rice cultivated under intercropping system and K46,000 for low-grade short-matured rice (90 days). Meanwhile, the price of the Pawkywe rice variety was K48,000 per bag.
The wholesale prices of Pawsan rice varieties stood at K85,000-91,000 per bag from the Shwebo area, K57,000-61,000 from the Myaungmya and Pathein areas and K55,000-59,000 from the Pyapon area. — TWA/GNLM

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