Corn exports from Myanmar border have almost completely stopped

Published 2024년 1월 30일

Tridge summary

Corn exports from Myanmar to China and Thailand have nearly halted due to regional instability and war, causing a drop in corn kernel prices in the Yangon market. This has led merchants to depend on seaborne exports. Despite the current situation, there is optimism for a potential increase in corn prices as duty-free exports to Thailand are set to commence from February 1 until the end of August 2024. Myanmar also exports corn to India, the Philippines, Vietnam, Bangladesh, and Africa via sea.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to reports from Myanmar corn merchants, due to regional instability, corn exports through the border have almost completely stopped. ​ Burmese corn is exported to China and Thailand through border routes. Currently, due to the war, almost all exports have come to a halt. ​ A corn merchant said that due to the war and unsafe areas, most merchants have stopped exporting to China and Thailand. Now we are in a situation where we have to rely on seaborne exports. ​ In the Yangon market, in early January 2024, the price of 1 tulle of corn kernels was between 1,180 and 1,200 kyats, and currently it has dropped to 1,150 and 1,170 kyats per tulle. ​ From February 1 to the end ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.