The value of agricultural exports amounted to US$961.47 million between 1 April and 17 June in the current financial year 2022-2023, indicating a small increase of $25 million as against the year-ago period. The figure stopped $936.366 million in the corresponding period last year. Myanmar agricultural products are exported to China, Thailand, Singapore, Malaysia, the Philippines, Bangladesh, India and countries in Europe and African countries.
The country shipped rice, corns, chilli pepper, rubber, mango, various beans and pulses to the external markets through border posts and sea trade. China shut down all the checkpoints linking to the Muse border amidst the COVID-19 pandemic. Of the checkpoints, Kyinsankyawt has resumed trading activity from 26 November on a trial run. The country requires specific export plans for each agricultural product, as they are currently exported to external markets based upon supply and demand.
The G-to-G pact also ensures a strong market for the farmers. Contract farming systems, involvement of regional and state agriculture departments, exporters, traders, and some grower groups, are required to meet production targets, the Agriculture Department stated. The Commerce Ministry is endeavouring to help farmers deal with challenges such as high input costs, procurement of pedigree seeds, high cultivation costs, and erratic weather conditions. The agricultural exports were valued at $2.4 billion in the past mini-budget period (October 2021-March 2022).
Source: The Global New Light of Myanmar
