AN GIANG IMPORT EXPORT COMPANY To increase rice exports, Myanmar is looking to Indonesia and South Korea, says Khin Maung Lwin, the assistant secretary at the Ministry of Commerce.
Myanmar exports 90 per cent of its rice overland, mostly to China, with a bulk of sea exports going to Africa.
More than US$20 million was earned from rice exports this financial year until May 13, according to the ministry.
Rice accounts for 93 per cent of total land exports with a massive over-dependence on China. Penetrating overseas markets would take time, the ministry said.
Myanmar was paying more for rice than other countries, according to a report by Aung Than Oo, chair of the Myanmar Rice Merchants' Association. It said between 2015 and January this year, the Pawsan rice price increased by 4.2 per cent, Emahta rose by 38 per cent and Ngasein rice by 39 per cent.
Sources: http://www.elevenmyanmar.com/business/rice-exporters-look-indonesia-and-korea
An Giang Import - Export Company published this content on 12 June 2016 and is solely responsible for the information contained herein.
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