News

Myanmar corn seaborne exports increase, corn prices rise

Published May 28, 2024

Tridge summary

Due to challenges in exporting through border trade routes, Myanmar has shifted its corn exports to sea transportation, with shipments to countries like Thailand. This shift has led to a rise in domestic corn prices from 1040-1060 Myanmar kyats to 1140-1160 Myanmar kyats per ton. The current shipping price of corn at Yangon Port is 230-250 US dollars per ton (623 tonnes).
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Myanmar corn was previously exported mainly through border trade routes, but now it has switched to sea transportation due to difficulties in exporting through border trade routes. Due to the suspension of corn exports through border trade routes, the price of one ton was only 1040-1060 Myanmar kyats of corn kernels in early April. Now, due to the increase in sea transportation exports, the domestic corn price has risen to between 1140-1160 Myanmar kyats per ton. ...
Source: Foodmate
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