Myanmar plans to export a monthly average of more than 200,000 tonnes of rice in the three-month period (October-December), U Ye Min Aung, the president of the Myanmar Rice Federation (MRF) said at an MRF’s online press conference on 23 September.

“We are planning to export 200,000 tonnes in October and 250,000 tonnes each in November and December,” U Ye Min Aung said.

MRF expects to boost rice exports in the coming months despite rice exports having consistently decreased in the earlier months of this financial year.

Climbing rice prices in the global market resulting from India's ban on rice export may spur a surge in rice export from Myanmar, a rice merchant said.

Myanmar’s monthly average rice export stood at nearly 200,000 tonnes in previous years, but skyrocketing rice prices at home curb export volume less than 100,000 tonnes, according to the data released by the Ministry of Commerce.

Myanmar exported 379,000 tonnes of rice and broken rice between April and August in the 2023-2024 financial year, declining more than a half from the same period last year, according to MRF.

Myanmar exports rice primarily to the Philippines, China and European countries this year.

TKZ/TH

#TheGlobalNewLightOfMyanmar