Myanmar earned US$300.366 million from 1.047 million tons of rice and broken rice exports from October 1 to January 17 in this fiscal year, according to Myanmar Rice Federation (MRF).

It earned about US$220 million from over seven million tons of rice export to 56 countries in that period and over US$80 million from over 300,000 tons of broken rice export in the same period, it said.

It earned over US$39 million from over 150,000 tons of rice and broken rice exports through border routes in that period. It is over 14 per cent of total rice and broken rice exports. It earned over US$260 million from over 890,000 tons of rice and broken rice exports through maritime routes in that period. They are over 14 and 85 per cents of total rice and broken rice exports respectively.

Myanmar exported 2.355 million tons of rice and broken rice and earned US$709.693 million in 2018-19 FY, announced the MRF.

Myanmar is using border trade routes and maritime trade routes to export rice and broken rice exports.

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

Myanmar exported about 3.6 million tons of rice in 2017-18 FY due to new markets and it broke the record over fifty-year time.

The MRF is dealing with the issues caused by the low market price in 2019 summer. It said the farmers are facing difficulty to have enough silos, paddy drying system and vehicles to carry rice, announced the MRF on May 18.

A total of 11 companies were officially exported rice to China previously and now more than 40 companies are chosen to export rice to China.