Myanmar has conveyed over 1.8 million tonnes of rice and broken rice at an estimated value of US$680 million between 1 April 2022 and 25 January 2023, according to Myanmar Rice Federation (MRF).
The export values were recorded at $82 million from 250,947 tonnes in April 2022, $51 million from 153,507 tonnes in May, $50 million from 146,094 tonnes in June, $66 million from 182,550 tonnes in July, $53 million from 156,893 tonnes in August, $37 million from 93,792 tonnes in September, $65 million from 163,189 tonnes in October, $106 million from 264,038 tonnes, $90 million from 228,445 tonnes in December and $79 million from 196,700 tonnes in January 2023, totalling $679 million from 1,836,154 tonnes in ten months in the current financial year 2022-2023.
The export volume hit the lowest in September and the highest in November. Myanmar has been exerting concerted efforts to grow 10 per cent yearly in the rice export sector. To raise foreign income, it has been prioritizing the exportation of high-grade rice and boosting export volume, MRF stated. Myanmar bagged over $700 million from approximately 2 million tonnes of rice export in the 2020-2021FY.
Source: The Global New Light of Myanmar