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February 18, 2020

Myanmar earns over $310 mln from rice exports

Myanmar earned more than US$310 million from exporting nearly 1.1 million tons of rice and broken rice in the first four months of the 2019-2020 financial year, according to the Myanmar Rice Federation (MRF).
Between 1 October and 24 January in the current FY, the volume of rice and broken rice exported was estimated at over 1.094 million tons, worth $314.043 million, according to the MRF.
During the period, Myanmar earned nearly $228 million from exporting over 760,000 tons of rice to 57 countries and over $85 million from shipping over 330,000 tons of broken rice to 45 countries.
Myanmar exports rice and broken rice via sea and land routes. While shipments are sent to the EU and African markets via maritime routes, they are sent to China through the Muse border gate. In October-January, Myanmar exported 14 per cent of rice and broken rice through the land route, earning over $31 million, while it shipped 85 per cent of rice and broken rice via sea.
In the 2018-2019FY, Myanmar exported 2.355 million tons of rice and broken rice and earned $709.693 million. In the 2017-2018FY, Myanmar exported nearly 3.6 million tons of rice and broken rice, the highest figure on record in over 50 years, according to the MRF. —Aye Cho (Translated by Hay Mar)

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