Rice and broken rice export earnings hit nearly 700 million US dollars

Rice and broken rice export earnings hit nearly 700 million US dollars
Published 6 March 2019

During ten and half months, Myanmar earned nearly 700 million US dollars from exports of over 2.1 million tons of rice and broken rice, according to the export figures of Myanmar Rice Federation.

From April 1, 2018 to February 15, 2019, the exports of rice and broken rice hit over 2.115 million tons, fetching 699.467 million US dollar.

Myanmar exports rice via sea route and border trade camps. Export earnings from border camps hit over 360 million US dollars through exports of rice and broken rice worth over 1.076 million US dollars.  It accounts for more than 50 per cent of the total exports.

In addition, Myanmar shipped 1.038 million tons of rice and broken rice worth nearly 340 million US dollars via sea route, accounting for more than 49 per cent of the total export.

During this period, Myanmar exports rice to 50 countries and broken rice to 21 countries. Reliance on a single market for the rice export is a high risk. Thanks to the expansion of high-quality markets, the country exports rice to more than 60 countries, said Ye Min Aung, General-Secretary of Myanmar Rice Federation. This is the result of efforts to explore the quality-oriented market.”