Myanmar conveys over 983,780 MT of rice to external markets in H1

Myanmar shipped 983,782.7 metric tons of rice and broken rice to foreign trade partners in the first half (April-September) of the current financial year 2022-2023, with an estimated income of US$339 million, according to Myanmar Rice Federation (MRF). In the past six months, more than 40 exporter companies delivered over 773,446.7 MT of rice and broken rice to external markets by sea, whereas over 210,335 MT were sent to neighbouring countries via border trade camps.

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. Myanmar exported rice to over 20 foreign markets in the past months, mostly to China (123,520 MT) and the Philippines (101,259 MT). Additionally, Myanmar primarily conveyed over 191,967 MT of broken rice to China and 140,893 MT to Belgium. The prices of high-grade rice varieties stood at K60,000-90,000 per bag and K35,500-45,000 per bag for low-grade rice varieties.

The prices of low-quality white rice varieties were approximately US$340-360 per MT depending on the different varieties and quality in September. The export price of Myanmar’s rice was relatively lower than the rates of Thailand and Viet Nam, according to MRF. 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), the 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