Rice and broken rice exports fetch over 8.5 m dollars in one week

Rice and broken rice exports fetch over 8.5 m dollars in one week
Published 4 February 2020

 

Between 5 and 11 January of this fiscal year, Myanmar exported nearly 30,000 tons of rice worth over 8.5 million US dollars, according to the Commerce Ministry. 

During this period, Myanmar exported nearly 12,000 tons of rice to Asian countries, nearly 3,000 tons to the EU and nearly 15,000 tons to the African countries. 

From 4 to 10 January, Myanmar exported over 5,400 tons of rice worth over 1.4 million US dollars via Myanmar-China border and Myanmar-Thai border. 

Rice export from Muse 105th mile border trade zone was 4,400 tons, 137 tons from Chinshwehaw trade camp and nearly 900 tons from Lwelgel trade camp. 

Till January 10 of this fiscal year, Myanmar earned 282.946 million US dollars from exports of 986,345.493 million tons of rice and broken rice—over 200 million US dollars from exports of over 684,000 tons of rice to 55 countries and over 78 million US dollars from exports of over 302,000 tons of broken rice to 46 countries, according to Myanmar Rice Federation (MRF). 

Myanmar is dispatching rice and broken rice through border trade and marine trade.

Rice and broken rice exports to China via Muse border trade reached over 144,000 tons worth over 37 million US dollars, accounting for over 14 per cent of the total rice export. 

In addition, rice and broken rice export via marine trade route amounted to over 842,000 tons worth over 245 million US dollars, making up over 85 per cent of the total rice export.

In 2018-19 FY, Myanmar fetched 709.693 million US dollars from exports of 2.355 million tons of rice and broken rice.