About $360m earned from export of rice, broken rice in over four months

About $360m earned from export of rice, broken rice in over four months
Published 4 March 2020
Zeyar Nyein

 

Over 1.2 million tons of rice and broken rice worth about US$360 million have been exported over the past four and a half months of this fiscal, according to Myanmar Rice Federation. 

From October 1 to February 14 in the current 2019-2020 fiscal year, 1.242 million tons of rice and broken rice worth US$357.637 million were exported. 

In the period, over 868,000 tons of rice worth over US$260 million were exported to 59 countries. Meanwhile, over 373,000 tons of broken rice worth over US$96 million were exported to 52 countries. 

Myanmar exports rice through the border and maritime trade. Myanmar’s rice goes to China through the Muse border gate and to EU ad African markets through a maritime trade route. 

The export value of rice and broken rice via border trade route reached over US$44  million accounting for 13 percent of total rice export value.