Myanmar’s agricultural exports fall by more than $ 23 million in two months

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Myanmar’s agricultural exports have continued to grow for the second year in a row despite international restrictions on controlling the Covid epidemic, but have begun to decline this year.

Myanmar’s agricultural exports account for around 20% to 30% of exports. In the 2019-2020 fiscal year, when trade restrictions were introduced due to the Kovis-19 virus, agricultural exports exceeded US $ 3.725 billion, an increase of 14% over the 2018-2019 fiscal year.

In the last fiscal year 2020-21, exports exceeded US $ 4.622 billion, an increase of 24%.

In the last two months of the current 2021-2022 fiscal year, which was revised by the military council, Burma’s agricultural exports were worth just over $ 485 million.

Exports fell by more than $ 23 million this year from a year earlier, compared with more than $ 508 million during the same period last year under the civilian government.

A trader said the value of border exports has fallen this year as China has closed border crossings to protect Covid.

Myanmar’s agricultural products are mainly exported through the Sino-Burmese border trade posts. Some agricultural products have disappeared due to the closure of border trade points with China. Not only traders but also farmers are facing difficulties.

On November 26, China reopened its border trade, which had been closed for several months, through a new container exchange system at the Qingxuan Lake.

However, Traders are waiting for the time when trade will be allowed to increase, as imports were initially limited to about five containers each.

A Muse-based trader said: “The return to normal trade cannot be expected until the end of the year. As you know, if a new virus comes in, China is more afraid and can shut down immediately. “So we can not expect much.”

In Myanmar’s agricultural sector, rice and broken rice; Legumes Corn It is mainly exporting fruits and vegetables. Onion coffee, Tea It also exports vegetables and other agricultural products.

The main agricultural exports are rice, Exports of pulses and pulses are currently strong, but exports of fruits, onions and other agricultural products are weak.