Myanmar earned over US$150 million from over 520,000 tons of rice and broken rice export from October 1 to November 22 in this fiscal year and over 84 per cent of them are exported through maritime routes, according to figures from Myanmar Rice Federation (MRF).

It earned over US$108 million from over 360,000 tons of rice export to 40 countries and over US$42 million from over 160,000 tons of broken rice export to 33 countries.

Myanmar is exporting rice to EU and African markets via maritime routes and China through Muse border trade center.

Myanmar earned about US$130 million from about 442,000 tons of rice and broken rice export from maritime trade.

Moreover, it earned over US$21 million from over 81,000 tons of rice and broken rice export through border trade centers.

Myanmar earned US$709 million from more than 2 million tons of rice and broken rice export in 2018-19 FY, announced the MRF.

Myanmar exported about 3.6 million tons of rice and broken rice in 2017-18 which broke the record in over 50 years time.

The MRF is dealing with problems such as the decrease of paddy prices and the difficulties of the farmers. The MRF said they have difficulties to have warehouses to store rice, to dry paddy and to have more vehicles to transport rice.

Moreover rice export is declining and rice dealings in border trade centers are low. It will not be dealt with private sector alone.

Deputy Commerce Minister Aung Htoo said Myanmar had 11 companies officially recognized to export rice previously and now more than 40 companies have been selected to export rice to China. Myanmar sent the list of companies to China to resume the rice export.