Myanmar exported over 1.7 million metric tons of rice and broken rice from 1 April to 28 December 2018, a decline of over 800,000 tons compared with the corresponding period of 2017, according to data from the Myanmar Rice Federation (MRF).
Myanmar exported 2.54 million metric tons of rice and broken rice in the April-December period in 2017. The value of rice and broken rice exports in the last nine months fell to US$578.8 million from $789.78 million registered in the same period of 2017.
Myanmar shipped over 1.4 million metric tons of rice worth $489.9 million to 46 countries. It exported over 298,570 metric tons of broken rice valued at $88.8 million to 21 countries.
Myanmar exports rice and broken rice through the maritime routes as well as border gates.
The drop in trade through the border channel has been attributed to China’s tight confiscation, said U Min Thein, the vice chair of Muse depot.
Maritime trade capacity is limited owing to shipping problems, port logistics, and financial constraints, coupled with currency fluctuations, said U Than Oo, the secretary of Bayintnaung depot. In the 2017-2018 fiscal year, Myanmar exported 3.6 million tons of rice and broken rice. The export volume was the highest on record in 50 years.
— By Nyein Nyein (Translated by Ei Myat Mon)