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Exports of rice cross 1.5 mln metric tons in Oct-May


Published June 11, 2019
By Global New Light of Myanmar

Myanmar exported over 1.5 million metric tons of rice and broken rice, worth US$472 million, between 1 October and 24 May in the current fiscal year, according to the Myanmar Rice Federation.

In the October-May period, more than 527,870 tons of rice, worth $159.8 million, was exported through the border gates, while 1 million tons of rice, valued at $312.3 million, was shipped through the maritime route, according to data from the Commerce Ministry.

Myanmar exports rice to 54 countries. China is the main buyer of Myanmar rice, followed by the Philippines Côte d’Ivoire and Cameroon and Guinea are the fourth and fifth largest buyers of Myanmar rice. Countries in the European Union account for over 20 per cent of Myanmar’s rice exports, while 25 per cent of the rice produced by the nation goes to African countries. Myanmar mostly exports broken rice to Belgium, followed by Indonesia, China, the UK, and Netherlands. Broken rice from the country is shipped to 26 foreign markets. Myanmar’s rice trade with China through the border channel has been halted since China began cracking down on illegal goods in October, 2018. This has led to a steep drop in rice exports to China, and resulted in about 500,000 tons of rice stocks building up at the Muse gate.

Original Source: http://www.globalnewlightofmyanmar.com/exports-of-rice-cross-1-5-mln-metric-tons-in-oct-may/

Workers unloading sacks of rice from a ship at Botahtaung jetty in Yangon.  Photo: Phoe Khwar
Created at 2019-06-10 22:01:05