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Indonesia leads Myanmar rice imports with 600,000+ tonnes (Apr-Jan)
Nyein Nyein.
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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
Published Date: March 1, 2025