The volume of rice and broken rice export from April to September of the past mini-budget period is estimated at 1.12 million metric tons, earning over US$390 million., according to an announcement of Myanmar Rice Federation (MRF).
In the past six months, Myanmar’s rice worth US$322.67 million was shipped to 43 countries, with export volume of over 900,289 metric tons. Meanwhile, over 226,968 metric tons of broken rice were exported to 18 countries, earning $68.2 million.
Border trade surpassed sea trade in rice and broken export, accounting for 56.63 per cent of the total export. Rice and broken rice export through border checkpoints earned an estimated $226.9 million, whereas the sea trade saw an income of $163.9 million.
In the last 2017-2018 fiscal year, 3.6 million tons of rice and broken rice were exported to foreign countries. In the past six months, only 1.12 million tons were shipped.
“We cannot meet export volume of last FY even if we add the volume of the coming six months,” said U Nay Lin Zin, joint secretary-general of MRF.
“This year, we have a slew of challenges to export even 2.5 tons of rice and broken rice”, he added.
Tightened security on border trade by Chinese authorities brought down, export volume in Sino-China trade route, whereas normal trade saw a steady export volume.
At present, China is tightening security on their side near Muse town, and importation of rice, corn and sugar to China has suspended.
This being so, Muse depot sees daily inflow of only 1,000 tons in recent days. Previously, 2,000 to 7,000 tons of rice were supplied to Muse market, said U Chan Thar Oo, vice chair of Muse commodity depot.
Again, MRF has called for the government’s regulation on illegal paddy export.
Local consumption of rice accounts for 8 million tons, nearly 2 million tons of which are for livestock feed processing and production of alcoholic beverages.
By May Thet Hnin