Despite a global drop in rice production in 2014, Myanmar increased cultivation and profits from export, according to the Food and Agriculture Organization of the United Nations (FAO).
In its December World Rice Watch Report, FAO reported that rice production in Myanmar had been estimated at 28.9 million tons for 2014 by the government, an increase from 28.3 million tons the year before, and up more than a million tons on 2012.
FAO estimated that Myanmar’s profits from exporting rice had also increased.
Thailand is due to reclaim its status as the world’s leading exporter of rice this year. It had lost out in recent years to India and Vietnam after a rice paddy pledging scheme for Thai farmers had failed, FAO said.
DVB reported in August that Myanmar’s rice exports were up 41 percent on the year before for the period between 1 April and 15 August 2014. A Commerce Ministry official was quoted saying that some 530,000 tons of rice was exported during that period, at a value of around US$196 million.