(Photo: AFP)Myanmar expects its rice exports to surge in coming months as curbs on Indian sales and a spike in Thai and Vietnamese prices force buyers to seek other supply sources. Myanmar exported about 320,000 tonnes of Rice from April to July, earning just $138 million, according to data from the federation, after the government decided to prioritise selling higher-grade rice. The Indian curbs have pushed up the prices of rice from some of Myanmar’s regional competitors to 15-year highs. “We hope to take advantage, even though we’ll maintain our focus on exporting only higher-quality varieties,” Ye Min Aung said. Myanmar earned over $800 million from rice sales in each of the two previous fiscal years, according to the federation.

Source: Bangkok Post August 16, 2023 17:03 UTC