Rice farming has been practiced in Myanmar for a very long time, and the country is renowned for its superior rice quality. The nation is a significant global rice exporter as a result of its favorable climate and abundant agricultural land.
The most widely grown crop in the Southeast Asian nation is rice, which is followed by beans and pulses. Rice exports play a crucial role in Myanmar's economy, generating revenue, creating employment opportunities, and contributing to the country's overall agricultural sector.
Rice Exports from Myanmar
According to information made public by the Myanmar Rice Federation (MRF) on 5th of July, Myanmar’s rice exports totalled 261,079 tonnes of rice and broken rice in the first quarter of the fiscal year 2023–24.
The amount was contrasted with the over 550,547 tons of rice and broken rice exported the previous year. The data demonstrated that during the first three months of the current fiscal year (Q1) , 122,243 tons of rice and 138,836 tons of broken rice were exported.
According to the federation, 246,162 tons of Myanmar's exported rice and broken rice were shipped via sea routes, and the remaining tons were sent through land border gates.
Rice Export Data
During the aforementioned period, the nation exported rice and broken rice to more than 20 nations, including China, Germany, Turkey, Spain, Bulgaria, Poland, Belgium, and the Netherlands.
According to MRF data, Myanmar earned 853.472 million dollars in the financial year 2022–2023 from the export of more than 2.2 million tons of rice and broken rice.
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