Myanmar is exported over US$440 million worth of about 1.3 million tons of rice and broken rice to 43 countries from April to early November in this fiscal year, according to Myanmar Rice Federation (MRF).

It earned US$242 million from over 680,000 tons of rice and broken rice through border trade centers and about US$200 million from about 600,000 tons of rice and broken rice through maritime trade.

It broke the record in fifty years time as Myanmar found new markets for its rice export in 2017-18 FY.

Myanmar earned over 70 per cent of its rice export from border trade routes and the rest were sent through maritime trade routes previously.

In 2017-18 FY, it earned over 48 per cent of its rice export through maritime trade routes.

Myanmar shifted its financial year from October 1, 2018 to September 30, 2019 in 2018-19 FY.

“The export amount may decrease in next fiscal year as rice traders exported paddy illegally to China in this year through the border. The MRF expected the maximum rice export will be 2 or 3 million tons in 2018-19 FY,” said Ye Min Aung, General Secretary of the MRF.