Rice export via land border drops by half

Workers bag rice at a warehouse on 3 February 2020.  Photo: Tin Zar Hlaing
Workers bag rice at a warehouse on 3 February 2020.  Photo: Tin Zar Hlaing

By Nyein Nyein

The rice and broken rice export via land borders has dropped by half, according to the official statistics of the Myanmar Rice Federation (MRF).
Between October and July in 2019-2020 financial year (FY), Myanmar exported over 300,000 tonnes of rice and broken rice via land borders, which has dropped from about 600,000 tonnes of rice and defective rice export in the same period of last FY. Myanmar rice and broken rice via border generated an estimated income of US$96 billion in this FY, which has dropped from $173 billion in the same period of last FY, according to Myanmar Rice Federation (MRF).
Although the income of rice and broken rice export through border route has declined, the revenue of rice and defective rice export via sea route has increased. In 2018-19FY, Myanmar fetched over $400 million from the export of 1.3 million tonnes of rice and broken rice via sea route. In the same period of this FY, Myanmar shipped over 1.9 million tonnes of rice and broken rice worth $600 million.
Currently, MRF targeted to export 2.4 million tonnes of rice and broken rice in this FY. MRF is also arranging to enable the meeting of the rice export target. At present, the country has already exported over 2.2 million tonnes of rice and broken rice via both sea and border routes. To meet the target, Myanmar is going to export 150,000 tonnes of rice this month and 100,000 tonnes of rice in September according to the decisions made at a coordination meeting led by the Ministry of Commerce on 26 June. The coordinating meeting discussed matters related to rice export and the country’s rice reserve. (Translated by Hay Mar)

Share this post

Comments

Hot News
Hot News