$163 m earned from exporting rice to 35 countries in two months


Myanmar has earned US$163 million from exporting 470,000 tons of rice and broken rice to 35 countries during the past two months, according to the Ministry of Commerce.

The amount in April and May this year exceeded by over 10,000 tons worth over US$27 million compared to the same period of last year.

In exporting rice and broken rice to the 35 countries, 46 percent was exported through maritime trade routes and 54 percent through border trade routes.

Among those countries, China is the largest trade partner of Myanmar. In border trade also, China is the largest partner.

Officials from the Ministry of Commerce held a meeting with local business people on May 24 in order to sign a trade agreement with the government of Kunming in China. Kunming contacted the Myanmar consular's office to purchase agricultural products from Myanmar including rice.

Khin Maung Lwin, assistant permanent secretary of the ministry, said his ministry and the Yunnan Province government would also sign a memorandum of understanding on purchase of Myanmar's agricultural products including rice, sugar and corn.