Over $100m earned from export of 400,000 tons of broken rice in 10 months

Over $100m earned from export of 400,000 tons of broken rice in 10 months

Image result for Rice exportMyanmar exported over 400,000 tons of broken rice worth over US$100 million to 36 countries over the past 10 months with 50 percent of the total tonnage going to Belgium, according to Myanmar Rice Federation.

From October 1, 2018 to August 2 this year, 400,689 tons of broken rice was exported to 36 countries earning US$107.147 million. Belgium alone imported nearly 190,000 tons of broken rice from Myanmar worth US$50.547 million, accounting for over 47 percent of the total export. Likewise, 68,000 tons of broken rice worth over US$18 million was exported to Indonesia, over 25,000 tons worth US$6 million to China, nearly 23,000 tons worth US$5 million to the Netherlands, and over 20,000 tons worth over US$5 million to the UK.

An official from the Ministry of Commerce said Myanmar exported over 1.97 million tons of rice and broken rice worth about US$600 million in over 10 months of this fiscal year from October 1 to August 2. This year saw a fall of over US$350 million as the total tonnage fell by over 820,000 tons. China and EU, major rice export markets, purchased less rice from Myanmar this year.

Source: Eleven Media 

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