Agricultural exports from 1st April to 5th May in the current fiscal year hit US$295.685million, an increase of over US $12million compared to that of the similar period last year.
Myanmar’s agricultural exports mainly depend on the markets of China and India, the most populous neighbouring countries — especially rice to China and mung bean and pigeon peas to India through border trade.
With concerted efforts exerted by the government and the private sector, rice and broken rice were exported to 53 foreign countries last fiscal year 2016-2017.
Myanmar exported 1.4 million tonnes of rice in 2012-2013 FY, 1.2 million tonnes in 2013-2014 FY, 1.8million tonnes in 2014-2015 FY, 1.4million tonnes in 2015-2016 FY and 1.7million tonnes in 2016-2017 FY, according to an announcement of the Commerce Ministry.
Seventy per cent of various peas export constitutes the demand from India. Therefore, the price is positively related to its demand. The green grams are exported to China, Viet Nam and European Union countries.
The peas are mostly cultivated in Sagaing and Magway regions. A total of 1.43million tonnes of various peas were exported during last FY, according to the Commerce Ministry.