Agro products exports down by $24 million in first two weeks of April

Farmers work in the organic farm in Nay Pyi Taw.  Photo: Aye Min Soe
Farmers work in the organic farm in Nay Pyi Taw.  Photo: Aye Min Soe

The export of agricultural products from 1 to 13 April in the six-month transition period for the 2018-2019 fiscal year (FY) reached US$102 million, which showed a slight decrease of $24 million compared with the same period in the 2017-2018 FY, according to trade figures released by the commerce ministry.
The decrease in agro exports is attributed to slower trading in the pre-Thingyan period. Chinese buyers halted the purchase of rice to observe the market in early April, which is the harvest season both in China and Myanmar.
Additionally, mung bean and pigeon pea prices are also on the downward trend, following India’s restriction on the importation of mung beans and pigeon peas.
Myanmar’s main agricultural exports 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. —Mon Mon

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