Agro exports exceed $2.16 bln in 2019-2020FY H1

Rice bags load from truck to ship. Photo: Phoe Khwar
Rice bags load from truck to ship. Photo: Phoe Khwar

Myanmar’s exports of agricultural products between 1 October and 3 April in the 2019-2020 financial year have risen to US$2.16 billion from $1.75 billion in the corresponding period of the 2018-2019FY, which reflects an increase of $406 million, according to the trade figures released by the Ministry of Commerce.
In the export sector, the agricultural industry performed the best, along with the natural gas sector. The chief items of export by Myanmar in the agricultural sector are rice and broken rice, pulses, corn, and rubber. Myanmar also sends fruits and vegetables, sesame, dried tea leaves, sugar, and other agro products to other countries. Myanmar agro products are primarily exported to China, Singapore, Malaysia, the Philippines, Bangladesh, India, Indonesia, and Sri Lanka.
However, the export market remains uncertain due to unstable global demand.
According to an official from the Agriculture Department, the country requires specific export plans for each agro product as they are currently being exported to external markets based upon supply and demand. Contract farming systems, the involvement of regional and state agriculture departments, exporters, traders, and some grower groups are required to meet production targets, the official said.
The Commerce Ministry is working to help farmers deal with challenges, such as high input costs, procurement of pedigree seeds, high cultivation costs, and erratic weather conditions. —Ko Htet (Translated by Ei Myat Mon)

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