Myanmar earned about $1 billion as it
exported 1.48 million tonnes of beans during the previous fiscal year,
the ministry’s report said.
It means the country exported 10,000
tonnes more than it did in 2011-2012. However, it saw a drop in earning
as large as US$134 million, as the amount fell from $1.14 billion to $1
billion.
The drop in bean price in India and
other major trading countries was the main factor behind the drop in
income, an official from the ministry said.
He said, “Myanmar hit a new record in
the fiscal year 2008-2009. Then, it exported 1.54 million tonnes of
beans. This year, the beans export volume fell a little short of the
record, and reached only 1.48 million tonnes. But earnings were affected
by the price drop in overseas market especially India.”
Farmers were the ones, who bore the burnt of the drop in export earnings, a beans exporter said.
He said, “The price drop led to the decrease in earning about $134 million. In fact, that’s the money farmers should get.”
source: Eleven Myanmar
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