Myanmar earns $2.4 bln from agro export as of 14 June

MYANMAR’S earning from export of agricultural products in the current 2018- 2019 Financial Year has touched US$2.45 billion, up by over $260 million or nearly 12 per cent, compared with the same period last 2017-2018 FY, the Ministry of Commerce reported.

From this time last year, the country’s export of agricultural commodities was pegged at $2.19 million in total.

The country saw no export of agro products from the public sector between 1 October and 14 June. Only private companies could export the same to international buyers during the period.

As an agriculture commodity-producing country, Myanmar globally sells a wide variety of agro products, covering rice, beans and pulses, onion, garlic, ginger and other kitchen crops, watermelons, mangoes, avocados, cucumbers and other profitable fruits and vegetables, rubber and other raw materials of agriculture.

Within 257 days of this FY, the country also exported $305 million worth of animal products, $584 million worth of marine products, $1.13 million worth of minerals, $123 million worth of forest products, over $6.43 billion worth of manufactured goods and other miscellaneous products amounting to over $795 million.

When compared with the corresponding period last FY, the country’s export sector saw an increase in value by $11.8 billion.— Swe Nyein (Translated by Khaing Thanda Lwin)