Myanmar eyes surge in rice exports after India curbs supply

YANGON (Bloomberg): Myanmar expects rice exports to surge in coming months as curbs on Indian sales and a spike in Thai and Vietnamese prices force buyers to hunt for other origins.

The tightening in global supply should help revive the Southeast Asian nation’s rice shipments, which slumped 56% in the first four months of the fiscal year, and bring it closer to its annual goal of earning US$1 billion from exports of the grain, Ye Min Aung, president of the Myanmar Rice Federation, said in an interview last week.