Myanmar has earned USD $ 220 million from the broken rice export to 58 countries in over nine months

Myanmar has earned over US$220 million from export of over 830,000 tons of broken rice to 58 countries over the past nine months this fiscal year with the largest amount going to Belgium, according to the Myanmar Rice Federation. 

From October 1 to July 17 in the current 2019-2020 fiscal year, 839,956.677 tons of broken rice worth US$224.818 million were exported to 58 countries. Of the total amount, over 220,000 tons worth over US$56 million went to Belgium, over 154,000 tons worth over US$40 million to Senegal, over 143,000 tons worth over US$41 million to China, over 100,000 tons worth over US$30 million to Indonesia and over 30,000 tons worth over US$7 million to the Netherlands.

Myanmar exports rice through both maritime and border trade routes. Maritime route is used for Europe, Africa and China while the border route is used for neighbouring countries including China. 

Some countries have offered to buy rice from Myanmar, according to the Ministry of Commerce. 

Deputy Minister for Commerce Aung Htoo said: “Over two million tons of rice were yearly exported and it is targeted to reach about 2.5 million tons this year.”

(Eleven Media Group: https://elevenmyanmar.com/news/220-m-earned-from-broken-rice-export-to-58-countries-in-over-nine-months )

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