Myanmar. Rice exports drop

26.12.2016

Until mid-December this fiscal year, nearly 600,000 tonnes of rice have been exported, about 110,000 tonnes down on last year, according to the Ministry of Commerce.

From April 1 to December 16, the country exported around 590,000 tonnes of rice compared with more than 700,000 tonnes last year.

Myanmar exports rice mainly to China through Muse but also to more than 30 other countries by sea.

This year’s rice exports have fallen as the Chinese authorities imposed tighter controls at Muse and fighting took place between the Tatmadaw and ethnic rebels near Muse in late November.

Muse saw exports worth more than US$2.2 billion and more than US$1.1 billion of imports.

The border trade saw a drop of over US$238 million in exports and more than US$6 million in imports year on year, according to the ministry.

The Myanmar Rice Federation says a greater proportion of rice is now being exported by sea with about 60,000 tonnes sailing to African markets a month.

It is currently the rice harvest.  



elevenmyanmar.com

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