April 25, 2017
Agricultural
exports during the last fiscal year 2016-2017 fetched over US$2.93 billion,
which is up by over US$315million compared to that of the previous year and
accounted for 25 per cent of the total export volume, according to statistics
released yesterday by the Commerce Ministry.
The agricultural
exports included 1.75million tonnes of rice and broken rice, which earned
US$554million, while 1.43million tonnes of various peas fetched US$1.40
billion. Also exported to foreign countries were 1.4million tonnes of rubber
worth about US$ 200 million, over 100,000 tonnes of sesame seeds worth
US$147million, 1.3million tonnes of maize worth US$253million and over 1million
tonnes of various foods worth US$178million.
To boost
agricultural production, the country is tackling the challenges of erratic
weather, capacity and technical knowhow to produce value-added products and
dependence on foreign market demand. The issue of high transportation costs,
which cause problems in the supply chain, is also being addressed so as to keep
up with the countries in the region.
The country’s
exports cannot be dependent only on natural resources and the agro industry,
but also on fishery exports, the Cutting, Making, Packing (CMP) garment export
and re-export sectors should also play an important role.
During fiscal
year 2016- 2017, the export of natural gas was down by US$1.4billion, while the
value of jade and mineral exports were found to have a decrease of
US$190million when compared to those of the previous fiscal year.
The fisheries
export value was over US$581million and the export value of CMP garment
products reached US$1.84 billion. The export value during last FY totaled over
US$11billion, according to the Commerce Ministry.
Ref; The Global
New Light of Myanmar
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