YANGON, Dec 13 (NNN-MNA) – The Myanmar government aims to achieve the export target of two million tonnes of rice and broken rice in fiscal year (FY) 2020-2021, beginning Oct, an official from the Ministry of Commerce said yesterday.
“Rice export depends on domestic market price and export demand. Myanmar managed to export around two million tonnes of rice in previous fiscal years,” said Myo Thu, director of the ministry’s trade promotion department.
Myanmar surpassed its rice export target of 2.5 million tonnes in last FY 2019-2020, showed data from the Myanmar Rice Federation.
According to the federation’s latest figures, the Southeast Asian country exported 232,841 tonnes of rice and 117,418 tonnes of broken rice, earning over 131 million U.S. dollars as of Nov 27 this fiscal year. Of the total rice exports, 41.17 percent is achieved through border gates, and the rest through sea route.– NNN-MNA
