YANGON, March 21 (Xinhua) -- Myanmar expects to export more than 2 million tons of rice in the coming 2023-24 fiscal year, U Ye Min Aung, president of Myanmar Rice Federation (MRF), told Xinhua on Tuesday.
Myanmar exported over 1.28 million tons of rice while its broken rice export hit more than 812,488 tons during the first 11 months of the fiscal year 2022-2023 from April last year to the end of February this year, according to the MRF data.
"We've earned more than 900 million U.S. dollars for exporting rice this fiscal year already. We can say that this year is also reaching our target amount of rice export of 2 million tons, and we're targeting to export more than 2.1 million tons next year, to earn about 1 billion dollars," U Ye Min Aung said.
Myanmar exported its rice and broken rice to China, the Philippines, Japan, European Union countries, Indonesia, Bangladesh, Malaysia, Sri Lanka, African countries and Middle East countries, according to the MRF.
According to the Myanmar Digital News, rice production and availability are almost in normal conditions nationwide. The most productive paddy fields are in the Yangon Region, Bago Region, Ayeyarwaddy Region and Rakhine State.