Myanmar earns over 435 mln USD from rice export in 7 months

YANGON, Nov. 10 (Xinhua) — Myanmar earned 435.96 million U.S. dollars from export of rice and broken rice as of Oct. 26 this year, the Myanmar Rice Federation (MRF) said Saturday.

From April 1 to Oct. 26, over 1 million tons of rice was exported to 43 countries and 251,224 tons of broken rice to 18 foreign countries, respectively.

About 53.4 percent of rice and broken rice were exported through border gates while the rest via sea routes during the period.

The country earned over 1.11 billion U.S. dollars from export of 2.89 million tons of rice and 620,696 tons of broken rice in last FY 2017-2018.

About 60 percent of the country’s rice exports predominantly go to neighbouring China mainly through border gates while demand for the country’s rice also comes from other Asian countries, European Union member states and some African countries.

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