Myanmar has great agricultural potential and is expected to become the "granary" of Asia"
2013/12/18
content Summary: Today, Myanmar opens its market to foreign investors, and the huge potential of Myanmar's agricultural sector will attract many investors. Myanmar plans to double its rice shipments again as its economy becomes more open. At that time, the status of large rice producing countries such as Thailand, Vietnam and Cambodia will be challenged to a certain extent.
Myanmar was one of the world's major rice exporters in the 1960 s, but its rice exports have been affected by years of economic sanctions. Today, Myanmar embraces democracy and freedom and opens its market to foreign investors, and the huge potential of Myanmar's agricultural sector will attract many investors. Myanmar's rice production will further increase, and it will gradually restore its status as a major rice exporter. At that time, the status of Thailand and other top rice exporters in the world will be affected to a certain extent.
It is understood that Myanmar plans to double its rice shipments again as its economy becomes more open. At that time, the status of large rice producing countries such as Thailand, Vietnam and Cambodia will be challenged to a certain extent. Toe Aung Myint, head of the trade promotion department of Myanmar's Ministry of Commerce, said that between 2014 and 2015, Myanmar's rice exports will increase to 2.5 million tons from 1.8 million 2013. Rice exports will jump to 4.8 million tons between 2019 and 2020. After five decades of military and political dictatorship, Burma carried out political reforms and gradually turned to democracy. Myanmar's social, political and economic restructuring has attracted international investor interest in tapping into its agricultural potential.
Myanmar President Thein Sein said that after Myanmar's agriculture has attracted more investors, it will supply a large amount of food to the region. The natural conditions for the development of agriculture in Myanmar are good, the land is sparsely populated, and the terrain is high in the north and low in the south. Myanmar's Irrawaddy River (Irrawaddy) Delta has vertical and horizontal rivers, dense ponds, soft and fertile land, and convenient waterway transportation. It is a famous land of fish and rice in Myanmar and is known as the "Burmese Granary".
According to Myanmar government officials, Myanmar's Irrawaddy Delta region is larger than Vietnam's Mekong region and thus has the ability to increase rice production and exports. Myanmar's rice production in 2013-2014 (January-December) is expected to reach about 12.7 million tons, up about 15% from the estimated 11 million tons in 2012-13. Myanmar is linked by mountains and rivers with China and is a friendly neighbor of China. Its natural conditions are superior and its resources are extremely rich. It is suitable for the growth of a variety of plants, especially tropical crops. Agriculture is the foundation of Myanmar's national economy. The output value of agriculture accounts for about 1/3 of the GDP, and the export of agricultural products accounts for about 1/4 of the total export; Myanmar still has more than 1600 million acres of vacant land, idle land and wasteland to be developed. There is great potential for agricultural development.
The Myanmar government also attaches great importance to the development of agriculture, actively attracting foreign investment in agriculture, and at the same time promoting the export of agricultural products such as rubber, beans and rice to countries around the world. After 1988, Myanmar put the development of agriculture in the first place. On the basis of the development of agriculture, it promoted the all-round development of other industries in the national economy, especially the development of agricultural machinery manufacturing industry related to agriculture.
Quoted from Science and Technology World Network http://www.twwtn.com/Agriculture/53_215766.html
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