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Myanmar: Corn exports delayed

  • Feb 20, 2020

Myanmar and Thailand have yet to sign a Memorandum of Understanding for a 12-month contract for Thailand to import corn as Thai growers are opposing such an agreement, according to the Ministry of Commerce.

Under a bilateral agreement between Thailand and Myanmar, corn exports were to be exempt from tax from February 1 to August 31.  

Myanmar produces about 11 million tonnes of corn per year, half of which is exported.

Up until  last year, China was the main importer of Myanmar corn, but the country suspended imports in 2019. As such, Myanmar is counting on Thailand to absorb the excess supply of locally produced corn.

Source: https://www.mmtimes.com/news/corn-exports-delayed.html