Indonesia leads Myanmar rice imports with 600,000+ tonnes (Apr-Jan)
INDONESIA is the largest importer of
Myanmar’s rice, with over 600,000 tonnes in the past ten months of the current
financial year 2024-2025 beginning 1 April, according to the Myanmar Rice
Federation (MRF).
China is the second largest importer of
Myanmar rice with 429,000 tonnes, followed by 300,000 tonnes to Belgium, over
131,000 tonnes to the Philippines, over 96,600 to Senegal, 79,500 to
Bangladesh, 46,900 to Cote D’Ivoire, over 44,200 to Mozambique, 42,300 to
Poland, over 37,200 to Spain, over 27,100 to Cameroon, 21,300 to the UK, 17,500
to the Netherlands, over 17,000 to Togo, over 13,900 to Ivory Coast and over
13,300 to Italy.
Myanmar’s rice and broken rice exports
hit over 2.24 million tonnes in the past ten months (April- December) of the
current financial year 2024-2025, with an estimated value of US1 billion,
statistics of Myanmar Rice Federation (MRF) showed.
The federation aims to achieve 2.5
million tonnes of rice exports in the 2024-2025 financial year (April- March).
The Ministry of Commerce has been
cooperating with departments and institutions concerned to achieve monthly
export targets and beyond depending on the supply volume of rice, broken rice,
pulses, corn, rubber and fisheries from the respective companies.
Ministry of Commerce is working together
with the Union of Myanmar Federation of Chambers of Commerce and Industry,
Myanmar Rice Federation, Myanmar Rice Federation, Myanmar Pulses, Beans, Maize
and Sesame Seeds Merchants Association, Myanmar Garment Manufacturers
Association, Myanmar Industries Association, Myanmar Rubber Planters and
Producers Association, Myanmar Fisheries Products Processors and Exporters
Association to meet monthly export targets and facilitate exports.
The federation is projected to achieve
2.5 million tonnes of rice export in the FY 2023-2024, generating earnings of
$1 billion. However, rice exports fell short of the target with 1.6 million
tonnes worth $845 million.
The Central Bank of Myanmar’s monetary
policy to control export earnings impeded rice exports, hurting exporters financially.
The El Nino weather condition also hampered rice export, the president of the
Myanmar Rice Federation affirmed.
Myanmar exported 2,261,203 tonnes of
rice and broken rice to foreign trade partners in the past 2022-2023 FY (April-
March), bagging $853.472 million. — NN/KK
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