MYANMAR shipped more than 501,590 metric tons of rice and broken rice in the past two months of the current mini-budget period (October 2021-March 2022), according to the Myanmar Rice Federation (MRF).

In November 2021, a total of 34 companies delivered over 262,662 MT of rice to foreign trade partners through maritime trade, whereas 22,561 MT were sent to neighbouring countries via land borders, totalling over 285,223 MT. The export volume in cross-border trade significantly plunged owing to the closure of border posts.

Last month, the export prices of white rice varieties stood at US$325-348 per MT depending on the different varieties and quality. 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 exported rice to 13 foreign markets so far. China is the primary buyer of Myanmar rice, followed by Cameroon, Spain, Ivory Coast and the Philippines.

Meanwhile, Myanmar shipped broken rice primarily to China, followed by the Netherlands, Belgium, Spain, France and three other countries.

More than 216,375 metric tons of rice and broken rice were conveyed to the external market in October 2021.

Myanmar generated over $800 million from rice exports in the financial year 2019-2020 ended 30 September, with an estimated volume of over 2.5 million tonnes.Myanmar generated US$700.13 million income from exports of rice and broken rice in the financial year 2020-2021 (October 2020-September 2021) amidst the border trade disruption triggered by the COVID-19 negative consequences as per the statistics released by the Ministry of Commerce.

KK/GNLM

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