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Updated on July 11, 2018 From Daily Eleven

Rice export earnings exceed $ 219 m

Until June 29 of this fiscal year, the country earned US$ 219.521 million from exports of 638468.86 tonnes of rice and broken rice, according to the figures from the Commerce Ministry.
        During the current mini-budget period, Myanmar exported over 295605 tonnes of rice and broken rice via marine trade routes and over 342861 tonnes of rice and broken rice via the border trade routes.
        Myanmar exported 1.423 million tonnes of rice and broken rice worth US$ 551 million in 2012-2013 FY, 1.262 million tonnes worth US$ 475 million 2013-2014 FY, 1.840 million tonnes worth US$ 660 million in 2014-2015 FY, 1.493 million tonnes US$ worth 526 million in 2015-2016 FY, 1.750 million tonnes worth US$ 553 million in 2016-2017 FY and 3.576 million tonnes worth over US$ 1,136 million in 2017-2018 FY.
        The border trade accounted for 60 per cent in 2012-2013 FY, 72 per cent in 2013-2014 FY, 77 per cent in 2014-2015 FY, 81 per cent in 2015-2016 FY, 72 per cent in 2016-2017 FY and 52 per cent in 2017-2018 FY.
        In 2017-2018 FY, Myanmar could export nearly 3.6 million tonnes of rice due to the market expansion. Over the years, rice export via border trade routes accounted for more than 70 per cent of the total rice export. In 2017-2018 FY, the marine trade represented up to 48 per cent of the total rice export volume.
        According to Myanmar Rice Federation, the country expects to export up to four million tonnes of rice worth US$ 1.5 billion.
        In 2017-2018 FY, the country could export rice and broken rice to 90 countries. During nearly three months of this fiscal year, Myanmar exported rice and broken rice to 52 countries.
       

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