Myanmar earns more than 1.11 billion USD from rice exports
Myanmar has earned more than 1.11 billion USD from rice and broken rice exports in the fiscal year 2017-2018, the Myanmar Rice Federation said on April 7.
From April 1, 2017 to March 23, 2018, Myanmar shipped a total of 2.89 million tonnes of rice and 620,696 tonnes of broken rice to foreign countries via border gates and sea routes.
In the past consecutive years, the country exported high volumes of rice - 1.8 million tonnes in FY 2014-15, 1.4 million tonnes in FY 2015-16 and 1.7 million tonnes in FY 2016-17.
About 60 percent of Myanmar's rice exports went to neighbouring China, mainly through border gates, while demand for the country's rice also comes from Asian countries, EU member states and some African nations.
According to the Ministry of Commerce, Myanmar earned 2.93 billion USD from agricultural products as of March 23 in FY 2017-18.
Apart from rice, the country is trying to promote other export products, including peas and pulses, aquatic products, textiles, timber and forest products, rubber and tourism to narrow its trade deficit./.