Rice export volume reaches more than 2.6 million tons

Writer: 
Nilar
A rice brokerage in Bayintnaung Wholesale Centre in Yangon (Photo-Zeyar Nyein)

 

Rice export volume reached more than 2.6 million tons until the first week of January in 2018 – up 1.6 million tons compared to the same period of last year, a source of the Ministry of Commerce said.

“Until January 5 of this fiscal year, more than 2.6 million tons have been exported. One million tons of rice was exported in the same period of last year. That represents an increase of 1.6 million tons. We have received US$480 million,” Khin Maung Lwin, assistant secretariat of the Ministry of Commerce, said.

Thanks to the leadership of Myanmar Rice Federation and strenuous efforts of private businessmen, rice export volume has reached more than 2 million tons, the highest record within five decades, Union Minister Dr Aung Thu said.

The most rice export volume reached up to 3 million tons under British colonial rule. Myanmar managed to export only 1 million tons of rice in 1956, 1957, 1959 and 1960, a source of MRF said.

Myanmar expects to export 3 million tons of rice in 2020, Chit Khaing, Chairman of MRF, said. 

Myanmar exported more than 1.4 million tons of rice in 2015-2016 and 1.7 million tons of rice in 2016-2017.