The Commerce Ministry expects
the volume of rice export will hit the highest in 60 years with metric
tonnes of 1.5 million for this year.
Myanmar rice has been exported over 1.2
million metric tonnes within ten months of this fiscal year 2012-13. The
ministry hopes to export another 300,000 metric tonnes before the
closing of this fiscal. Myanmar measures April 1 to March 31 as the
country fiscal year.
Myanmar rice exporting has been down
after 1956. Before that year, Myanmar exported average over one million
metric tonnes annually.
Last year Myanmar exported about 800,000 metric tonnes and this year export volume has increased to almost two-fold.
The ministry said, as of today, Myanmar
earns US$500 million from rice export for this year and expects to be
over US$600 million when the fiscal year is ended in this March.
Myanmar will increase the export volume
incoming years to meet the high demand of Japanese and European buyers.
Myanmar is exporting with the price of US$400 per tonnes for rice.
Despite the high record for the country,
Myanmar export volume is still down the list compared to regional
countries. Thailand has been exporting average over 10 million metric
tonnes of rice annually followed by the Vietnam with 7 million tonnes a
year.
source: Eleven Myanmar
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