Floods, insects ravage Myanmar’s rice production

Rice production in Myanmar may decline by up to 40 percent from last year in some states due to flooding and insect attacks.

Local sources say that rice harvests in Mon and Karen states of Myanmar are down 40 percent this year compared to those in 2012-13. Farmers along the Done-Tha-Mi river say wet season flooding this year along with heavy rains and insect plagues are liekly to cause severe rice shortages in the region.

Rice yields in around 30 villages from the eastern region of Done-Tha-Mi River are likely to drop by around 43 percent this year compared to the previous year, according to farmers. Open market rice prices are high this year, but farmers say they cannot take advantage of the prices because of low production, most of which will be used to feed their families.

However, US Department of Agriculture projections for Myanmar rice production remains unchanged. According to the USDA, Myanmar’s rice production in 2013-14 is expected to increase to around 11 million tons, up about 3 percent from around 10.6 million tons in 2012-13.

Consumption in Myanmar is estimated at around 10.25 million tons in 2013-14, and exports are projected to reach around 750,000 tons.

Source: DVB Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here