International market demand and price fluctuations also influence domestic market price changes. As Myanmar's primary agricultural crop, rice export volumes have increased in recent months due to rising demand from ASEAN member countries Philippines and China.
Despite relatively low rice prices in the international market over the past few months, Myanmar's export volumes continue to grow. In April and May of this fiscal year, Myanmar's rice exports exceeded 400,000 tons, more than double the same period last year (over 180,000 tons).
Although export volumes have increased, domestic paddy rice prices remain between 1.2 million to 1.7 million Myanmar kyat per 100 baskets due to weak international rice prices, while high-quality rice prices are around 2.2 million Myanmar kyat per 100 baskets.
Currently, when exporting rice to neighboring countries, Myanmar cannot fully utilize border trade due to land transportation difficulties and primarily relies on maritime trade channels.
Despite growth in rice and broken rice exports, domestic paddy rice prices remain between 1.2 million to 1.75 million Myanmar kyat per 100 baskets due to regional and quality differences, with high-quality rice priced at 2.2 million Myanmar kyat per 100 baskets.