MYANMAR corn is exported abroad via sea route, said U Min Khaing, chairman of the Myanmar Corn Industrial Association (MCIA).
In the previous years, Myanmar corn
is exported through both border and sea routes. However, Myanmar is conveying
the corn to the Philippines, India, Viet Nam, Laos and Singapore through sea
route due to the closure of land borders.
Besides, the corn prices are still
high compared to the previous years, U Min Khaing said.
“Currently, the price of corn
continues to rise. It can also be said that the price of the corn this year is
higher than the last year,” he added.
At present, the price of corn in
the domestic market fetched a good price of around K680 per viss while the FOB
exported corn is priced at around US$259 per tonne.
In the 2020-2021FY, Myanmar
exported around 2.3 million tonnes of corn to foreign counties, according to the
association.
Of 2.3 million tonnes, Thailand is
the largest importing country of Myanmar corn, whereas the remaining numbers of
the corn were conveyed to China, India and Viet Nam. Myanmar is allowed for
corn export to Thailand between 1 February and 31 August with Form-D, under
zero tariff. Thailand imposed a maximum tax rate of 73 per cent on corn import
to protect the rights of their growers if the corn is imported during the corn
season of Thailand.
Myanmar exported 2.2 million tonnes
of corn to the external market in the past financial year 2019-2020, with an
estimated value of $360 million, the Ministry of Commerce’s data showed.
At present, corn is culti vated in
Shan, Kachin, Kayah and Kayin states and Mandalay, Sagaing and Magway regions. Myanmar
has three corn seasons. The country yearly produces 2.5-3 million tonnes of
corn for export and local consumption.
NN/GNLM
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