Regional rice exports still modest

Although rice exports amounted to 1.4 million tonnes, exports to Southeast Asia – the Philippines, Indonesia and Malaysia – are still modest, according to Myanmar Rice Federation (MRF).

Myanmar’s major rice buyer is China and exports reached nearly 1 million tonnes this fiscal year alone.

“Cambodia and Malaysia have extended their markets. So we have planned to extend to Europe. We will display rice and agricultural products including fishery, livestock and forest produce in trade fairs in Italy,” said Ye Min Aung, the general secretary of MRF.

The MRF has cooperated with other agribusiness owners to improve agricultural crops and equipment in order to promote the country’s exports.

Officials expect rice exports to increase in the coming years.