According to reports, Thailand only allows duty-free imports of corn between February 1 and August 31 each year, and currently, the export of Myanmar corn to Thailand has been suspended.
Additionally, there is news that Thailand will turn to purchasing genetically modified (GMO) corn imported from the United States. Therefore, the purchasing volume of exporters and buyers has also decreased.
Currently, the free on board (FOB) price of corn has fallen from $260 per ton last week to $255 per ton. Furthermore, at the Yangon Min Ywar Gyi commodity exchange, the price of corn per viss (approximately 1.6 kilograms) was 1,650 Myanmar kyats last week, while currently, it can only be sold for 1,600 Myanmar kyats per viss.
A corn trader said: "The main buyer of domestic corn is Thailand. After Thailand stopped purchasing, it is inconvenient for the domestic people, and it is also inconvenient for the Thai side. The price of purchasing Myanmar corn is low and cost-effective. If they have to buy corn from the United States now, it is not cost-effective for them. If this situation continues, the price will continue to fall, and only by being able to export more to other countries can the price rise."
It is understood that they will turn to exporting a small amount of corn to China and other countries.
Therefore, market analysts assess that the Myanmar corn market related to Thailand may remain sluggish for a long time.
Traders analyze that if the current situation continues, even if Thailand reopens duty-free imports in February 2026, the possibility of corn prices rising is very low.