Myanmar aims to export 2 mln tons of rice, broken rice in FY 2020-21

Source: Xinhua| 2020-12-12 22:08:53|Editor: huaxia
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YANGON, Dec. 12 (Xinhua) -- The Myanmar government aims to achieve the export target of 2 million tons of rice and broken rice in fiscal year (FY) 2020-2021 beginning October, an official from the Ministry of Commerce said Saturday.

"Rice export depends on domestic market price and export demand. Myanmar managed to export around 2 million tons of rice in previous fiscal years," said Myo Thu, director of the ministry's trade promotion department.

Myanmar surpassed its rice export target of 2.5 million tons in last FY 2019-2020, showed data from the Myanmar Rice Federation.

According to the federation's latest figures, the Southeast Asian country has exported 232,841 tons of rice and 117,418 tons of broken rice, earning over 131 million U.S. dollars as of Nov. 27 this fiscal year. of the total rice exports, 41.17 percent is achieved through border gates, and the rest through the sea route. Enditem

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