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October 21, 2019

Exports of rice cross 1.5 mln metric tons in Oct-May

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

Myanmar exported over 1.5 million metric tons of rice and broken rice, worth US$472 million, between 1 October and 24 May in the current fiscal year, according to the Myanmar Rice Federation.
In the October-May period, more than 527,870 tons of rice, worth $159.8 million, was exported through the border gates, while 1 million tons of rice, valued at $312.3 million, was shipped through the maritime route, according to data from the Commerce Ministry.
Myanmar exports rice to 54 countries. China is the main buyer of Myanmar rice, followed by the Philippines Côte d’Ivoire and Cameroon and Guinea are the fourth and fifth largest buyers of Myanmar rice. Countries in the European Union account for over 20 per cent of Myanmar’s rice exports, while 25 per cent of the rice produced by the nation goes to African countries.
Myanmar mostly exports broken rice to Belgium, followed by Indonesia, China, the UK, and Netherlands. Broken rice from the country is shipped to 26 foreign markets. Myanmar’s rice trade with China through the border channel has been halted since China began cracking down on illegal goods in October, 2018. This has led to a steep drop in rice exports to China, and resulted in about 500,000 tons of rice stocks building up at the Muse gate.
On 21 April this year, Myanmar’s Commerce Ministry signed a Memorandum of Understanding with the government of Yunnan province for implementing a barter system. If the MoU comes into effect, Myanmar’s agro and fishery products will be exported to China on an enormous scale. On 10 June, a co-ordination meeting to export 100,000 tons of Myanmar rice to China through the maritime route was held in Nay Pyi Taw.
Myanmar shipped 3.6 million tons of rice, the highest on record, to other countries in the 2017-2018 fiscal year. —GNLM
(Translated by Ei Myat Mon)

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