corn_dry_sun_epa

1 mln tonnes of corn expected to export to Thailand this year

Myanmar intends to reach the export target of one million tonnes of corns to Thailand this year, said by the chair of Myanmar Corn Industrial Association. Myanmar will be allowed for corn export between February and August, under zero tariff, as Thailand has corn requirements. Thailand needs 2 million tonnes of corn as per its market data. They , however, do not know their purchase volume. Last year, Thailand partners asked if Myanmar corn suppliers can provide 3 million tonnes during negotiation with the association. We cannot tell the exact volume. Nevertheless, about 1 million tonnes of corns are possibly to flow into Thailand.

This year, Myanmar’s corns are demanded by Viet Nam, India, Malaysia and Laos. Typically, we expect to export 1 million tonnes of corns to Thailand. Yet, the market condition depends on the price, he continued.
At present, Myanmar’s corns are primarily shipped to India. It is also sent to Viet Nam and Laos. The illegal outflow of corns to China via northern Shan State is also reported. As a result of this, the corn export volume of Thailand market is directly related to the market price. Myanmar traders will ship the corns to foreign markets which offer a high price, regardless of trade routes (sea or border), the association chair affirmed. Additionally, China is purchasing Myanmar’s corn that substituted opium poppy cultivation, under a quota system.


The prevailing export price of corn stands at above US$250 per tonne. Corn is cultivated in Shan, Kachin, Kayah and Kayin states and Mandalay, Sagaing and Magway regions. Myanmar has three corn seasons- winter, summer and monsoon. The country yearly produces 2.5-3 million tonnes of corns. Myanmar exported 2.2 million tonnes of corns to the foreign market in the past financial year 2019-2020 ended 30 September, with an estimated value of $360 million, the Ministry of Commerce’s data showed. With the growing local corn consumption, Myanmar’s corn export to foreign markets is expected to reach 1.6 million tonnes in the current FY2020-2021 (Oct-Sep), the association state.

Source: The Global New Light of Myanmar

unnamed

Rakhine border trade centres set to resume operation

The Maungdaw and Sittwe border trade centres in Rakhine State are set to reopen after several months of closure said the chair of the Rakhine State Federation of Chamber of Commerce and Industries. These centres – which facilitate trade with Bangladesh – will resume operations once they receive permission from the Central Committee on Prevention, Control and Treatment of COVID-19.

The state government has agreed in principle to reopen the Maungdaw and Sittwe border trade centres. It is heard that they are currently seeking permission from the central committee. Both traders and department officials plan to resume border trading once the central committee gives approval. They expect the relevant authorities to enforce restrictions at the centres once trade is allowed. It is also heard that they will only permit a specified number of ships and boats a week.

Myanmar exports agricultural products – such as onions and ginger – and various freshwater products to Bangladesh. According to the Ministry of Commerce, trade in the Sittwe border trade centre totalled US$736.81 million in the 2019-2020 fiscal year, of which $432.547 million was accounted for by exports. The Maungdaw border trade centre, meanwhile, recorded a total trade amount of $11.554 million in the same period.

Source: Myanmar Times

image_6483441 (3)

Mandalay mango producers eye online market trend

Producers, wholesale centres and merchants are working to sell mangoes online in the upcoming season, according to U Kyaw Soe Naing, the Secretary of Myanmar Mango Market and Technology Development Association (Mandalay).

According to the Secretary of Myanmar Mango Market and Technology Development Association (Mandalay), the new trend will develop if the producers guarantee the quality of the fruit on the online market. At present, 30 per cent of the mango market is getting into the online platform during the outbreak of COVID-19.

Some advantages of the online market include no brokerage fee or service charges between the consumer and the producer and possible direct payment between them. However, the consumers will have to mention the size of the fruit they want to purchase, and the sellers will need to ensure the quality of their product.

Source: The Global New Light of Myanmar