Myanmar conveyed over 1.639 million metric tons of rice and broken rice to foreign trade partners in the past eight months (April-December) of the current financial year 2022-2023, with an estimated income of US$600 million, according to Myanmar Rice Federation (MRF). In the past nine months, more than 42 exporter companies delivered over 1.264 million MT of rice and broken rice to external markets by sea, whereas over 369,162 MT were sent to neighbouring countries via border posts. Myanmar shipped rice and broken rice to regional countries, countries in Africa and European Union member countries through maritime trade.
It is also exported to neighbouring countries, China and Thailand through cross-border posts. China is still the main buyer of Myanmar’s rice in the past nine months, purchasing over 264,000 tonnes of rice and over 237,000 tonnes of broken rice. Myanmar exported rice to over 20 foreign markets in the past months, mostly to China (264,284 MT), followed by Bangladesh, the Philippines and other European countries such as Italy, Spain, Poland, Belgium, the Netherlands and France. Additionally, Myanmar primarily conveyed 278,219 MT of broken rice to China and 230,488 MT to Belgium.
The prices of high-grade rice varieties stood at K60,000-100,000 per bag and K35,500-50,000 per bag for low-grade rice varieties. The export price of Myanmar’s rice was relatively lower than the rates of Thailand and Viet Nam, according to MRF. The federation targeted to ship two million tonnes of rice this financial year. Myanmar has shipped more than 1.4 million tonnes of rice and broken rice to foreign trade partners between 1 October and 31 March in the past mini-budget period (2021-2022), Myanmar Rice Federation stated. Myanmar bagged US$700 million from two million tonnes of rice exports to foreign countries in the past 2020-2021 financial year.
Source: The Global New Light of Myanmar