Myanmar [Burma] Grain & Cereals insights

Core Tip: Myanmar media reported that according to the 2024 report of the Myanmar Rice and Rice Federation (MRF) released at the annual meeting and conference of the Myanmar Rice and Rice Federation (MRF), Myanmar plans to export 2.5 million tons of rice and broken rice in the 2024-2025 fiscal year, and the export volume is currently expected to exceed this target.

Rice and broken rice are exported to 8 countries by more than 50 companies through sea transportation and border trade. In the 9 months of the 2024-2025 fiscal year, 2,034,656 tons of rice have been exported, earning $948 million. In the 2024-2025 fiscal year, the monthly export of rice and broken rice was as follows: 111,862 metric tons were exported in April, earning $55 million; 71,279.5 metric tons were exported in May, earning $36 million; and in June 162,325.75 metric tons, earning $84 million; 165,444.3 metric tons in July, earning $81 million; 207,369.9 metric tons in August, earning $97 million; 219,565.13 metric tons in September, earning $104 million; 424,784 metric tons in October, earning $189 million; 334,535 metric tons in November, earning $156 million; 337,490 metric tons in December, earning $145 million.

Myanmar corn kernel is getting high prices in the domestic market as the demands from foreign countries such as India, Philippines, and Vietnam are rising. The zero-tariff period granted by the major buyer of Myanmar corn, Thailand, is over but the price of Myanmar corn is still in a rising trend, and many predict that