10 April 2017
According to Myanmar Rice Federation, 2 million tons of Myanmar rice will be exported during 2017-2018 fiscal year.
In last 2016-2017 fiscal year, as 1.6 million tons of rice could be exported, the export exceeded over 200,000 tons of rice compared to 2015-2016 fiscal year.
Due to the armed conflicts in Northern Shan State, rice export to china through Muse route has declined. But the rice export to the Africa market could be expanded through the maritime trade according to Myanmar Rice Federation.
Although the export fetched lower price at the EU rice market, as the domestic exchange of USD compensated for the rice traders.