Exports from agro industry worth $3 billion last FY

Agro
Workers gathering and scooping unhusked rice into sacks at their farm in Ayeyawaddy Region.  Photo: Phoe Khwar

Exports from the agricultural sector brought in US$3 billion in the last fiscal year (FY), increasing by $152 million compared with the 2016-2017 FY.
Agriculture, which constitutes 30 per cent of the GDP, grew 3.5 per cent in the 2017-2018 FY, compared with the 2016-2017 FY.
Rice is Myanmar’s chief agricultural export, bringing in more than $1 billion last
FY. Myanmar’s rice was exported to 40 countries. Its rice export market has penetrated some 62 countries, including China, Bangladesh, Sri Lanka, Afghanistan, Belgium and Poland.
However, the rice industry still faces some challenges, such as those of pedigree seeds, high input costs, high production costs, the lack of technology, high transaction costs and logistics problems.
In addition to rice, various types of pulses such as mung beans, pigeon peas, green grams, peanuts, sesame seeds, and fruits and vegetables, including corn, watermelons, muskmelons, mangoes, as well as onion, ginger, dried tea leaves and coffee beans, among other things, are shipped to foreign countries.

 

Mon Mon

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