Rice Market: 2 million tonnes of rice expected to export this year

The domestic rice market has some challenges due to the increasing prices in transportation and agriculture inputs as well as insufficient electricity supply to rice millers. 

The high foreign currency exchange rate also effects the rice export market.

Although the cash flow in Myanmar has recovered this year, it’s still need to work on to reach normal condition. The impact of the unstable cash flow in Myanmar can slow the development of the agriculture sector.

Cooperating with the relevant organizations, Myanmar Rice Federation (MRF) is working to get stable domestic rice market by analyzing the goods flow of wholesale suppliers and local markets.

Chairman, Myanmar Rice Federation, Ye Min Aung said "The price of the broken rice is increased currently. We also need the sufficient amount of broken rice for livestock sector. Therefore, we are trying to control the price of the broken rice, to fulfill the need of broken rice for livestock sector and to be able to export to foreign countries."

Myanmar usually exports rice to European Union countries, China, Philippines and Bangladesh.

The amount of the rice export to foreign countries in a month is about 200,000 tonnes.The federation aims to export 2 million tonnes of rice this year.