Rice export drops in 8 months

Myanmar’s rice export earning dropped by 100 million U.S. dollars in the first eight months ( April-November) of fiscal year 2013-14 from 276.172 million dollars a year earlier, local media reported Wednesday.

During the April-November period, Myanmar exported about 451, 728 tons of rice, down from 731,201 tons on a yearly basis, said the Yangon Times daily.

The decline was partly attributed to natural disasters that hit the country this year, the report said, adding that the reduction of rice export led to increase in rice price in the domestic market.

Myanmar mainly exports rice and rice-related products as well as peas and beans.

Source: Mizzima News Myanmar

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