Xinhua, Yangon :
Myanmar is exerting sustainable efforts to export two million tons of rice worth 700 million U.S. dollars in the present fiscal year 2017-18, official media reported Friday.
In the past five consecutive years, the country exported high volumes of rice, 1.2 million tons in FY 2013-14, 1.8 million tons in FY 2014-15, 1.4 million tons in FY 2015-16 and 1.7 million tons in FY 2016-17.
Myanmar Rice Federation is making efforts to earn up to 1 billion U.S. dollars from the country’s rice sector by 2020.
The government established a public-private partnership to distribute pedigree seeds to the farmers, transform from a traditional farming system into a mechanized system, upgrade local rice mills and provide agricultural loans.
In April, the first month of FY 2017-18, the country earned over 178 million U.S. dollars from agricultural exports which is up by over 72 million U.S. dollars compared to the same period of FY 2016-17.
Apart from rice export, the country is trying to promote other export products including peas/pulses, fisheries products, textiles, timber/forest products, rubber and tourism to solve the trade deficit.
Myanmar is exerting sustainable efforts to export two million tons of rice worth 700 million U.S. dollars in the present fiscal year 2017-18, official media reported Friday.
In the past five consecutive years, the country exported high volumes of rice, 1.2 million tons in FY 2013-14, 1.8 million tons in FY 2014-15, 1.4 million tons in FY 2015-16 and 1.7 million tons in FY 2016-17.
Myanmar Rice Federation is making efforts to earn up to 1 billion U.S. dollars from the country’s rice sector by 2020.
The government established a public-private partnership to distribute pedigree seeds to the farmers, transform from a traditional farming system into a mechanized system, upgrade local rice mills and provide agricultural loans.
In April, the first month of FY 2017-18, the country earned over 178 million U.S. dollars from agricultural exports which is up by over 72 million U.S. dollars compared to the same period of FY 2016-17.
Apart from rice export, the country is trying to promote other export products including peas/pulses, fisheries products, textiles, timber/forest products, rubber and tourism to solve the trade deficit.
