Agro product exports increase by $160 million

A labourer unloading rice from a ship at Botahtaung Jetty.  Photo: Phoe Khwar
A labourer unloading rice from a ship at Botahtaung Jetty.  Photo: Phoe Khwar

The export of agricultural products from 1 April to 2 March this fiscal year (FY) reached US$2.78 billion, registering an increase of $160 million compared with the same period last FY, according to the trade figures released by the Commerce Ministry.
Myanmar’s main agricultural exports are rice and broken rice, pulses, corn and rubber. Myanmar exported more than 3.2 million tonnes of rice and broken rice to foreign markets, at an estimated export value of $1.03 million. Meanwhile, rubber exports fetched $170 million, while some 1.2 million tonnes of pulses brought in $807 million. Corn exports were worth more than $272 million.
To boost its exports, the Commerce Ministry is drafting the safeguard law to protect domestic production against competition from imports and also drafting an anti-dumping and countervailing law to prevent non-competitive import practices, such as “dumping,” whereby foreign companies undercut Myanmar’s domestic producers by flooding the market with cheap surplus goods, often of inferior quality. The laws are intended to regulate the quality of import products and protect local producers from price gouging.
To boost exports, Myanmar has recently established commercial attachés in China, India, Thailand, Singapore, Japan, South Korea, Hong Kong, Switzerland, and Belgium. It also has a permanent representative in the World Trade Organisation.
The Commerce Ministry is endeavouring to help farmers deal with challenges and high input costs, procure pedigree seeds, as well as counter high cultivation costs and erratic weather problems. —Zar Lin Thu (AMIA)

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