Agro export continued to decrease by $163 million as of mid-August

Export of agricultural products as of mid-August in the six-month interim period reaches US$1 billion.   Photo: Phoe Khwar
Export of agricultural products as of mid-August in the six-month interim period reaches US$1 billion.  Photo: Phoe Khwar

Export of agricultural products as of mid-August in the six-month interim period prior to the next fiscal year 2018-2019 amounted to US$1 billion, decreasing by $163 million compared to the same period in the 2017-2018 FY, according to the trade figures released by the Commerce Ministry.
In the similar period of the 2017-2018 FY, agricultural exports were worth $1.19 billion.
The decrease in agro exports is attributed to the low demand of rice from China and transportation difficulties caused by extreme weather condition in the recent days. Also, exports of mung beans and pigeon peas are lesser than last year.
In the export sector, the agriculture industry performed the best along with the natural gas export sector. The chief export goods in the agricultural sector are rice and broken rice, pulses, corn and rubber. Fruits and vegetables, sesame, dried tea leaves, sugar and other agro products are also sent to foreign countries.
The commerce ministry is endeavouring to help deal with the challenges faced by farmers, such as high input costs, procurement of pedigree seeds, high cultivation costs and erratic weather conditions.—Ko Htet

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