Myanmar rice export hits record high in 60 years

Myanmar’s rice export this financial year has reached a record high in over 60 years, said Sai Kyaw, central executive committee member of Myanmar Rice Federation.

Currently, Myanmar exports rice to more than 50 countries and nearly 3 million tons have been exported this fiscal year. In the previous years, a maximum of 1.8 million tons of rice were exported.

“Regarding the rice export in 2018 (this year), even small-scale merchants will earn good income. More rice was exported in late 2017 and this year. In 2018, we can say that rice trade will be much better. In neighobouring Thailand and Vietnam, rice prices have increased more this year. In our country also, a bag of rice get K4,000 more this year,” said Sai Kyaw.

From last April to the second week of this month in the current 2017-2018 fiscal year, nearly 3 million tons of rice was exported reaching a record high in 60 years.

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