In nearly eight months of the current fiscal year, Myanmar earned around 580 million US dollars from exports of nearly two million tons of rice and broken rice, according to the Myanmar Rice Federation (MRF).

Till May 29 of 2019-2020 FY, Myanmar exported 1.965 million tons of rice and broken rice worth 578.728 million US dollars.

Rice exports of 1.2 million tons of rice amounted to 397.581 million US dollars while the exports of nearly 700,000 tons of broken rice hit 181.147 million US dollars.

Exports of over 420,000 tons of rice to China hit 132.898 million US dollars, accounting for over 33 per cent of the total rice exports. This is the highest rice export volume.

Myanmar exported 170,000 tons of broken rice worth 43.426 million US dollars to Belgium, making up over 23 per cent of the total broken rice exports. This is the maximum broken rice export.

Myanmar exports rice and broken rice via border trade routes and marine trade.

During this period, Myanmar earned over 74 million US dollars from exports of over 260,000 tons of rice and broken rice via border trade camps. Exports of nearly 1.7 million tons of rice and broken rice hit over 504 million US dollars.

“Myanmar can export more than 2 million tons of rice a year. This year, the total rice exports are expected to hit around 2.5 million tons,” said Deputy Minister for Commerce U Aung Htoo.

Some countries have offered to buy rice from Myanmar, said Dr. Than Myint, Union Minister for Commerce.