Myanmar’s rice and broken rice exports exceeded 510,000 tonnes in the first four months of the current financial year 2024-2025, beginning 1 April, with an estimated value of $256 million, according to the statistics of the Myanmar Rice Federation (MRF).
Myanmar exported 510,911.6 tonnes of rice and broken rice in the past four months, with over 497,000 tonnes through maritime trade channels and 13,000 tonnes at border posts.
The export volumes are 111,862 tonnes worth $55 million in April, 712,795 tonnes worth $36 million in May, 162,325.75 tonnes worth $84 million in June and 165,444 tonnes worth $81 million in July, respectively.
The federation aims to achieve 2.5 million tonnes of rice exports in the 2024-2025 financial year (April-March).
The Ministry of Commerce has been cooperating with departments and institutions concerned to achieve export targets and beyond depending on the supply volume of rice, broken rice, pulses, corn, rubber and fisheries from the respective companies.
Ministry of Commerce is working together with the Union of Myanmar Federation of Chambers of Commerce and Industry, Myanmar Rice Federation, Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association, Myanmar Garment Manufacturers Association, Myanmar Industries Association, Myanmar Rubber Planters and Producers Association and, Myanmar Fisheries Products Processors and Exporters Association to meet monthly export targets and facilitate exports.
The federation is projected to achieve 2.5 million tonnes of rice export in the FY 2023-2024, generating earnings of one billion dollars. However, rice exports fell short of the target with 1.6 million tonnes worth $845 million.
The Central Bank of Myanmar’s monetary policy to control export earnings impeded rice exports, hurting exporters financially. The El Nino weather condition also hampered rice export, the president of the Myanmar Rice Federation affirmed.
Myanmar exported 2,261,203 tonnes of rice and broken rice to foreign trade partners in the past 2022-2023 FY (April-March), with an estimated value of $853.472 million. — NN/KK
