Till 3 January of 2019-20 fiscal year, Myanmar earned 270.230 million US dollars from exports of 941,835.493 tons of rice and broken rice, according to Myanmar Rice Federation.

During this period, the rice export earnings amounted to over 190 million US dollars generated from exports of over 648,000 tons to 55 countries and the broken rice export earnings, to over 76 million US dollars from exports of over 293,000 tons to 46 countries.

Myanmar earned over 34 million US dollars from exports of over 130,000 tons of rice and broken rice via border trade, accounting for around 15 per cent of the total rice exports.

Myanmar fetched over 220 million US dollars from exports of over 760,000 tons of rice and broken rice via sea route. It makes up 85 per cent of the total rice exports.

In 2018-19 FY, Myanmar generated 709.693 million US dollars from exports of 2.355 million tons of rice and broken rice, according to the MRF.

In 2017-18 FY, Myanmar’s rice and broken rice exports reached nearly 3.6 million tons, hitting a record high in 50 years.

The MRF took measures to help farmers in solving their difficulties as they faced dropping rice prices in the summer paddy harvest season and other difficulties.

The government has reserved a fund of Ks 15 billion to purchase paddy when the paddy price is below the basic paddy price.