The value volume of rice export meets target in this year despite export volume via border routes dropped

Although the volume of rice export via border route dropped, Myanmar met the export target in 2019-2020 financial year, said Vice-Chairperson U Aung Than Oo of Myanmar Rice Federation (MRF). MRF targeted to export 2.4 million tonnes of rice and broken rice this FY. Myanmar has shipped over 2.4 million tonnes of rice and broken rice including 625,214 tonnes via border route and 1.8 million tonnes of rice and broken rice via sea route from 1 October to 21 August this FY.
The export of rice met the target this FY thanks to the rising volume of rice export via sea route, according to MRF. The rice export volume dropped via land border route after China had granted export of rice through a legitimate trade channel, he added.
“Last year, there was illegal trading to China. Now, the traders export rice to China legally and the export volume has also dropped this FY,” he said. Moreover, Myanmar earned US$738.329 million from the export of rice and broken rice as of 21 August, this FY.
In the current financial year, 694,222 tonnes of rice and broken rice were exported to China, followed by African countries with 652,378 tonnes, EU member states with 489,478 tonnes, ASEAN countries with 440,560 tonnes and other countries with 181,708 tonnes respectively.
Moreover, Myanmar exports rice to 66 countries and broken rice to 60 countries, according to MRF. Myanmar has shipped over 2.3 million of rice and broken in the previous financial year.

(The Global New Light of Myanmar: https://www.gnlm.com.mm/rice-export-meets-target-this-year-despite-export-volume-drops-via-border-routes/ )

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