Until January 27 this fiscal year, the country exported 1.15 million tonnes of rice and broken rice, down nearly 140,000 tonnes from the same period last year, according to the Ministry of Commerce.
Assistant permanent secretary Khin Maung Lwin said: “Foreign countries have offered to buy rice under a government-to-government deal. Sri Lanka now wants to import Myanmar’s rice.”
Last financial year’s rice exports were 1.5 million tonnes and now Sri Lanka has offered to buy 50,000 tonnes, with a memorandum of understanding being discussed.
Rice is mainly exported to African and EU markets. Monthly rice exports to Africa amount to 60,000 tonnes, according to the Myanmar Rice Federation.