Myanmar exports over 200,000 MT of rice through maritime route in October

 

MYANMAR shipped more than 216,375 metric tons of rice and broken rice in October, according to Myanmar Customs Department.

A total of 32 companies delivered over 211,759 tonnes of rice to foreign trade partners through maritime trade, whereas 4,616 tonnes were sent to neighbouring countries via border posts last month. The export volume in cross-border trade significantly plunged owing to the closure of land borders.

In October, the prices of white rice varieties stood at US$315-350 per metric ton 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.

China is the main buyer of Myanmar rice, followed by Ivory Coast, the Philippines, Viet Nam and Guinea. Meanwhile, Myanmar exported broken rice primarily to China, followed by the Netherlands, Belgium, Spain and France. 

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.

KK/GNLM

#TheGlobalNewLightOfMyanmar