Rice export to China decreases due to wetness, arrests

Rice export to China decreases due to wetness, arrests
A rice warehouse at Bayintnaung Wholesale Centre in Yangon
A rice warehouse at Bayintnaung Wholesale Centre in Yangon
Published 15 October 2018

Rice export through Muse (105th Mile) border trade camp has decreased as only about two truckloads of rice go to China daily due to overabundant moisture as well as some arrests that were made in China, said Than Oo, secretary of Bayintnaung Rice Wholesale Centre.

"Only quality rice goes to Muse now. These days we have heard that there are some arrests on China border side. Moreover, our rice is still damp. If we exported the damp rice as it is, it will be damaged in China. Now, we are exporting only about two truckloads daily," said Than Oo.

Myanmar exports rice to China both by sea and through border route.

It was targeted to export over 2 million tons of rice and broken rice to foreign countries in the six-month budget period. However, just over 1.1 million tons could be exported, according to Myanmar Rice Federation.

From April 1 to September 30 this year, over 1.127 million tons of rice and broken rice were exported earning nearly US$391 million.

Of the total amount, over 638,300 tons worth US$227 million were exported through border trade camps, accounting for 56.63 percent.

Myanmar exported nearly 3.6 million rice in 2017-2018 fiscal year reaching record high in more than 50 years. The rice export skyrocketed last year thanks to extended global market.