Rice exports down but annual forecast positive

Rice exports down but annual forecast positive

Burma exported some 200,000 tonnes of rice between April and July, but that’s 100,000 tonnes short of last year’s figures.

According to the chairman of the Myanmar Rice and Paddy Traders Association, the 50 percent decrease in shipments is due to an increase in the Burmese rice price, a decrease in Indian prices, and adverse weather conditions.

The price per tonne for low-quality Emata rice (25 percent broken) in Rangoon today stands at US$360- $370, compared with $330 on the international market.

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In addition, Burma has been hit with adverse weather conditions recently, with floods in the Irrawaddy delta and a drought in Upper Burma.

However, exports at the Sino-Burmese border are up significantly according to a local trader from Muse.

“Last week only 600 tonnes of rice passed through the border, but this week it’s up to 1,000 tonnes,” he said.

The chairman of Myanmar Rice and Paddy Traders Association, Aung Than Oo, remained upbeat, saying that while Burma exported some 1.4 million tonnes of rice in 2012, this year he expects the total to hit 2 million tonnes.

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