YANGON, Sept. 7 (Xinhua) -- Myanmar earned an estimate 302 million U.S. dollars from its exportation of 889,991 metric tons of rice and broken rice to foreign trade partners within the first five months of this financial year 2022-2023, the state-run the Global New Light of Myanmar reported on Wednesday.
The media quoted the Myanmar Rice Federation (MRF) as saying that over 731,590 metric tons of rice were shipped to external markets via sea routes by approximately 44 exporter companies, whereas over 158,400 metric tons were delivered to neighboring countries through border posts.
Through maritime trade, the Southeast Asian country exported rice and broken rice to regional countries, countries in Africa and European Union member countries, and also transported through cross-border posts to neighboring countries, including China and Thailand, the media stated.
According to the MRF, the country has shipped more than 1.4 million tons of rice and broken rice to foreign trade partners between Oct. 1 and March 31 in the past mini-budget period (2021-2022) and bagged 700 million dollars from 2 million tons of rice exports to foreign countries in the past financial year 2020-2021.
Myanmar's current financial year started on April 1 this year after the country changed its financial year cycle from the original October-September to April-March starting in 2022. ■
