Myanmar Rice Federation chair U Ye Min Aung said rice and broken rice export is expected to be worth up to US$1000 million in this fiscal year.
He mentioned it during a press conference on 12 August concerning MRF’s ongoing projects and future plans.
“We have set a target that rice export to reach around 2 or 2.5 million tonnes a year. Last year’s export earnings was worth up to $800 million and it is expected to be up to $1000 million this year. It is not difficult to receive $700 or $800 million. Monthly target for rice and broken rice export is about 200,000 tonnes. In this monsoon, we are able to export around 100,000 or 150,000 tonnes monthly. We have planned to export around 200,000 or 250,000 tonnes in dry season,” said U Ye Min Aung.
European countries have mainly bought rice from Myanmar, he said.
“We have international demand. European countries buy rice the most from our country. They buy both rice and broken rice. China and neighbouring countries such as Indonesia and Philippines also buy. So it means we have ability to export rice,” he said.
In 2024-25 FY, the country received $55million from 111,862 tonnes of rice and broken rice export in April, $36million from 71,279.5 tonnes of rice and broken rice export in May, $84million from 162,325.75 tonnes of rice and broken rice export in June and $ 81million from 165,444.3 tonnes of rice and broken rice export in July. Over four months from April to July, the country was able to export 510,911.6 tonnes of rice and broken rice and received $256million, according to MRF’s statistics.
MT/ZS
