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October 18, 2018

Sea trade, border gates see increase in rice exports in December

Workers unload sacks of rice from a ship at a jetty in Yangon. Photo: Phoe Khwar

More than 218,700 tons of rice with an estimated value of US$75.9 million was exported through border gates during December, while sea trade saw rice exports of over 73,450 tons, according to the Commerce Ministry.
The figure is up by over 2,500 tons for border trade and 34,160 tons for sea trade compared to November.
More than 6,960 tons of broken rice with an estimated value of $2.1 million in December was exported to China through the Muse and Lweje checkpoints, which decreased about 1,300 tons less than that of November.
Through sea trade, a total of 40,655 tons of broken rice worth over $10 million in December was shipped to foreign countries, which is 25,265 tons more than that of November.
Previously, 72 per cent of rice and broken rice export went to foreign trade partners via border checkpoints. Rice trade via sea routes has now improved. This fiscal year, sea routes account for 60 per cent of rice exports, whereas 40 per cent went from border gates.
Last year, there were only 29 foreign rice buyer countries. Myanmar’s rice is now shipped to 48 countries through sea routes.

 

 

KoKhant

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