MYANMAR generated US$700.13 million income from exports of rice and broken rice in the past financial year 2020- 2021 (Oct-Sept), according to Myanmar Customs Department.
Border trade disruption triggered by the COVID-19 consequences led to sluggish market and the export price dropped. The prices of white rice varieties range US$310- US$355 per MT depending on the different varieties and quality, according to the Myanmar Rice Federation (MRF).
The export price of Myanmar’s rice was relatively lower than the rates of Thailand and Viet Nam. Yet, the prices were higher than those market prices of India and Pakistan, MRF’s data showed. Myanmar shipped more than 216,375 metric tons of rice and broken rice in October of the current mini-budget period (Oct 2021-Mar 2022), according to Myanmar Customs Department.
China is the main buyer of Myanmar rice, followed by Ivory Coast, the Philippines, Viet Nam and Guinea. Meanwhile, Myanmar exported broken rice primarily to China, followed by the Netherlands, Belgium, Spain and France.—KK/GNLM