Mar 11, 2013

Four fifth of Myanmar’s rice export destined for China

Myanmar exported 1.3 million tons of rice in this fiscal year and 80 percent of them were destined for China, according to Dr. Soe Tun, Chairperson of Myanmar Farmers Association.
China paid about 12 percent higher than current price, he said.

Myanmar rice and rice products export in this fiscal year is the biggest in 46 years, Win Myint, Minister for Commerce said on March 2.

“This year export hit the record in 46 year time. But Ematha (25 percent broken) and other low quality rice are among our export. That’s why our earning is low although the quantity is much more than previous years. We are trying to grow good quality species of rice and construct modernized warehouses and rice mills,” the minister said during the Myanmar Rice Mill and Machinery for Value-added Agricultural Produces Exhibition 2013.

Myanmar could export 1.5 million tons of rice in this fiscal year which will end this month. Although Myanmar has exported over 1 million tons of rice a year before 1956 and the export volume has decreased since that year. This year export is the highest record, according to the statistics.

“Now we have exported 800,000 tons of rice to China. It is nearly 80 percent of all the rice export. The Chinese are also buying paddy, and the [farmer] association expects continued paddy trade with them. Farmers will obtain good price after summer’s paddy cultivation [in June],” Dr. Soe Tun commented.

Source: Eleven Weekly Media