The value of agricultural exports sank to US$1.25 billion as of 21 January in the current mini-budget period (Oct 2021-March 2022), indicating a significant drop of $375.5 million as against the year ago period, as per the statistic of the Ministry of Commerce.
The agro exports topped $1.6 billion in the corresponding period of the 2020-2021 FY.
China constitutes 90 per cent of Myanmar’s fruit and vegetable export. During the previous financial year, the closure of border posts by China adversely affected the fruit producers.
Additionally, China’s import regulations and prevention measures for the COVID-19 caused delay, exporters said.
