Thailand becomes top corn export market for Myanmar

Thailand is now the top buyer of corn produced in Myanmar, with more than half of Myanmar’s corn harvest now being exported to its neighbour, said U Myo Thu, Deputy Director General of the Myanmar Trade Promotion Organisation.

Corn to be used as industrial or animal feed is in high demand in Thailand.

With exports to China suspended since 2018, the bulk of Myanmar’s corn produce is being rerouted to Thailand, which bought more than one million tonnes of corn in fiscal 2019-20, up from 700,000 tonnes in previous years.

This was despite the fact that corn is mostly traded between Myanmar and Thailand just eight months a year, with the other four months of trade restricted by high import duties under an arrangement between the two governments to protect farmers, U Myo Thu said.

Before China suspended imports, the country was buying about two million tonnes of corn from Myanmar. Since 2018, other countries in Asean have absorbed the excess supply.

Corn export rose by nearly 50 percent year-on-year in fiscal 2019-20, according to the Ministry of Commerce, with the annual corn export now about 2.5 million tonnes compared to 1.5 million tonnes in the previous year.

There are 1.5 million acres of corn plantations in Myanmar.

Source : Myanmar Times

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