March 14, 2017

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Rice exports increase in this Fiscal year

A labourer unloading rice from a ship at Botahtaung Jetty. Photo: Phoe Khwar

The Ministry of Commerce announced yesterday that rice exports reached 1.5 million tonnes on March 3 in the 2016-2017 Fiscal year, an increase of 70,000 tonnes from the previous fiscal year.
“We suffered some losses last year due to natural disasters, but this fiscal year we did better,” said Permanent Secretary U Toe Aung Myint from Ministry of Commerce.
Myanmar exports the most rice to its neighbours China and Thailand through the border trade. Exports used to be done mainly by sea routes but starting in 2011 exports through the border became the preferred route.
“In the past we did 80 per cent of our exports by sea route, but after permission to trade through the border, use of the sea route declined. However there has been some increased trading by the sea route recently,” said U Toe Aung Myint.
The Ministry of Commerce announced that in the 2015-2016 fiscal year 21 per cent of exports were done by sea route while 79 per cent were done through the border. The highest export value was in the 2014-2015 fiscal year with 1.8 million tonnes of rice exported.

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