Foreign purchasing power increases and Myanmar's corn gets excellent price

Published 2024년 12월 23일

Tridge summary

Despite a decrease in border exports, Myanmar corn has seen excellent pricing due to increased foreign purchasing power, with countries such as the Philippines, Vietnam, and India showing increased demand. Despite the lapse of the tax-free period for corn exports to Thailand, the country is still accepting Myanmar corn by sea. The price of corn has risen from 1,350 to 1,550 Myanmar Kyats per ton, attributed to increased foreign demand. Domestic corn prices range from 75,000 to 78,000 Myanmar Kyats for a 54-tug bag, while the price at Yangon Port is 1,550 Myanmar Kyats per tug. In 2023, most corn exports will be made through Yangon Port, and the cross-border corn market in southern Shan State and eastern Shan State's border towns is expected to strengthen in 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Myanmar Corn Planting, Producing and Selling Association said that although border exports have declined, Myanmar corn has received excellent prices due to increased foreign purchasing power. At present, although it is not the tax-free period for Myanmar corn exports to Thailand, Myanmar corn can be exported by sea due to the increased demand for corn in the Philippines, Vietnam, India and other countries. Recently, the price of corn has risen from 1,350 Myanmar Kyats per ton in October to 1,550 Myanmar Kyats per ton in November. A person in charge of the Myanmar Corn Planting, Producing and Selling Association said that the recent corn price has increased with the sea The price of corn has risen due to the increase in foreign demand. Although the tax-free period for corn exports to Thailand has passed, there are orders from other countries, so corn has obtained a good price. In the domestic market of Myanmar, the price of a bag of 54 tugs of corn is between 75,000 and 78,000 ...

Source: Foodmate