Myanmar earns $1.7B from agricultural exports in first four months of financial year

According to the Ministry of Commerce (MoC), Myanmar has earned a total of US$1,723 million from exporting agricultural produce within the first four months of this financial year.
From 1 April to 26 July, US$1,425 million was earned from overseas trade and US$298 million from border exports. Myanmar primarily grows rice, corn, peanuts, sesame, sunflower, beans and pulses, cotton, and sugarcane. Among these, beans and pulses are the second most significant crops in the country, accounting for 33 per cent of total agricultural production.
Various beans and pulses, including black beans, green gram, pigeon peas, cowpeas, peanuts, butter beans, rice bean, chickpea, soya beans, green peas, and rice beans, are cultivated on 20 per cent of Myanmar’s agricultural land.
In addition to agricultural products, Myanmar also exports forestry products, livestock products, aquaculture products, mining products, industrial finished products, and others, generating over US$1.99 billion from exports.
According to MoC data, agricultural exports worth nearly US$2 billion were shipped within ten months, from April to January of the 2023-24 financial year.
The Myanma Port Authority, under the Ministry of Transport and Communications, has been ensuring that rice and crops are exported efficiently during the peak season, allowing large ships to dock and depart on schedule. Authorities also regularly meet with the Myanmar Rice Federation and traders involved in rice, bean, and maize exports to address their needs. Additionally, representatives from the Customs Department, Trade Department, UMFCCI, MIFFA, exporters, port and bridge authorities, and shipping lines coordinate regularly to streamline the export process. — TWA/TMT