Myanmar brings in US$300mil from rice exports in April-August

The media quoted the Myanmar Rice Federation as saying that over 731,590 metric tonnes of rice were shipped to external markets via sea routes by approximately 44 exporter companies, whereas over 158,400 metric tones were delivered to neighbouring countries through border posts.

Through maritime trade, Myanmar exported rice and broken rice to regional countries, countries in Africa and European Union member countries, and also transported through cross-border posts to neighbouring countries, including China and Thailand, the media stated. According to the MRF, the country has shipped more than 1.4 million tonnes of rice and broken rice to foreign trade partners between Oct. 1 and March 31 in the past mini-budget period and bagged 700 million dollars from 2 million tonnes of rice exports to foreign countries in the past financial year 2020-2021.

Myanmar's current financial year started on April 1 this year after the country changed its financial year cycle from the original October-September to April-March starting in 2022.

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