YANGON (XINHUA) – Myanmar earned an estimate USD302 million from its exportation of 889,991 metric tonnes of rice and broken rice to foreign trade partners within the first five months of 2022-2023 financial year, the state-run the Global New Light of Myanmar reported yesterday.
The media quoted the Myanmar Rice Federation (MRF) as saying that over 731,590 metric tonnes of rice were shipped to external markets via sea routes by approximately 44 exporter companies, whereas over 158,400 metric tonnes were delivered to neighbouring countries through border posts.
Through maritime trade, the Southeast Asian country exported rice and broken rice to regional countries, countries in Africa and European Union member countries, and also transported through cross-border posts to neighbouring countries, including China and Thailand, the media stated.
According to the MRF, the country has shipped more than 1.4 million tonnes of rice and broken rice to foreign trade partners between October 1 and March 31 in the past mini-budget period (2021-2022) and bagged USD700 million from two million tonnes of rice exports to foreign countries in the past financial year 2020-2021.
Myanmar’s current financial year started on April 1 this year after the country changed its financial year cycle from the original October-September to April-March starting in 2022.