The volume of rice and broken rice exported between 1 and 16 October in the current financial year 2020-2021 reached 35,637 metric tonnes, worth over US$14 million, according to an announcement from the Myanmar Rice Federation (MRF). Maritime trade constitutes 72.6 per cent of rice exports, generating $9.3 million from 25,877 tonnes of rice, while border trade accounts for just 27.39 per cent of the total rice exports. Rice exports through the land border have generated an estimated income of $4.9 million from 9,760 tonnes of rice.
Myanmar’s rice is shipped to 15 foreign countries in October 2020. MRF expected to ship 2.4 million tonnes of rice, and broken rice in the last FY ended 30 September 2020. The country surpassed the export target, sending over 426,611 metric tonnes to neighbouring countries through border trade and over 2.15 million tonnes of rice and broken to foreign trade partners via maritime trade, totalling over 2.58 million tonnes. A surge in rice shipping through sea trade was contributed to meeting year’s export target, MRF stated.
Myanmar targets to export 4 million tonnes of rice and broken rice in the current financial year 2020-2021, said U Aung Than Oo, Vice President of Myanmar Rice Federation (MRF). Myanmar shipped 3.6 million tonnes of rice in the FY2017-2018, which was an all-time record in rice exports. The export volume plunged to 2.3 million tonnes, in the FY2018-2019.—Ko Khant
(Translated by Ei Myat Mon)
