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July 18, 2019

Myanmar exports over $1.6 mln metric tons of rice as of 14 June

Workers carrying rice bags at the Botahtaung Jetty in Yangon. 
Photo: Phoe Khwar

Over 1.68 million metric tons of rice and broken rice were exported to foreign countries in the eight and half months of current fiscal year, earning US$512.47 million, according to Myanmar Rice Federation (MRF).
Between 1 October, 2018 and 14 June, 2019, over 548,552 tons worth $165.3 million are exported through border gates while maritime trade export is registered over 1 million tons valued $347 million, the data of the Commerce Ministry showed.
Myanmar’s rice is shipped to 58 countries and China is the main buyer of Myanmar’s rice, followed by the Philippines and Cameroon in the second and third places respectively. Additionally, Côte d’Ivoire is ranked at the fourth place while Guinea is the fifth largest buyer of Myanmar rice. European Union countries accounts for over 20 per cent of export, while 25 per cent of Myanmar’s rice export goes to African countries.
Myanmar’s broken rice are mostly exported to Belgium, followed by Indonesia, China, the Netherlands and the UK. It is placed on 28 foreign markets.
Myanmar shipped 3.6 million tons of rice to foreign countries in the 2017-2018 Fiscal Year, which is the all-time highest record of rice export. — GNLM

(Translated by Ei Myat Mon)

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