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Asia News

Myanmar earns US$ 65 million from rice and broken rice export of more than 220,000 tons

Source: Eleven    Time:2019-11-08 17:47:50
Myanmar earned US$ 65 million from exporting more than 220,000 tons of rice and broken rice within one month of the current fiscal year, up US$ 21 million on more than 90,000 tons, compared to the same period of last year, said a source from the Ministry of Commerce.

From October 1 to 25 in 2019-2020 financial years, Myanmar exported 220,000 tons of rice and broken rice, up more than 90,000 tons compared to the same period of last year, Khin Maung Lwin, Assistant Secretary of the Ministry of Commerce.

“Rice and broken rice export volume reaches US$ 65 million, up 21 US$ million, compared to the same period of last year,” said Khin Maung Lwin.

In the same period of last year, Myanmar exported up to 2.954 million tons and earned US$ 1,003.662 million.

Myanmar is exporting rice to EU and African markets by water and China through Muse by land.

Myanmar managed to extend its rice market into the world during 2017-2018 FY exporting almost 3.6 million tons.

“There were only 11 companies exporting rice to China. Recently inspections of more than 100 rice mills have been carried out. More than 40 companies have been already picked. The list of these rice export companies will be sent to China. Rice will be exported to China once again due to already-inspected rice mills,” said Deputy Minister Aung Htoo of the Ministry of Commerce.

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