Myanmar targets to export 2.5m tons of rice this year

FT ONLINE

Myanmar Rice Federation (MCF) targets to export 2.5 million tons of rice this year, which is the country's major agricultural product, local Daily Eleven reported Monday.

Meanwhile, the country earned 181.12 million US dollars from 528,400 tons of rice exports via both border gates and sea route as of June 8 during the six-month transitional period which started in April.

Myanmar has changed its fiscal year period from original April-March to Oct-Sept beginning 2018-2019, producing a six-month transitional gap.

In last fiscal year 2017-2018, the country earned over $1.11 billion from export of 2.89 million tons of rice and 620,696 tons of broken rice, reports Xinhua.

Apart from rice export, the country's trying to promote other export products including peas and pulses, fisheries products, textiles, timber and forest products, rubber and tourism to solve the country's trade deficit.