Myanmar exported over 600,000 tonnes of corns to China and Thailand through borders in the H1 of the current 2019 – 2020 financial year

Myanmar has exported more than 600,000 tonnes of corns to China and Thailand through borders in the H1 of the current financial year 2019-2020, the Commerce Ministry’s data indicated.
Over 500,000 tonnes of corns were sent to Thailand through Tachilek and Myawady borders, whereas Myanmar exported over 100,000 tonnes of corns via five Sino-Myanmar borders — Muse, Lwejel, Chinshwehaw, Kampaiti and Kengtung.
Earlier, China is the major purchaser of Myanmar’s corn. Later, Myanmar traders turned to the Thailand border market. Additionally, Myanmar exports corn to India, Viet Nam, Malaysia, Singapore and the Philippines through maritime trade. Yet, the volume of corn exports to those markets is quite small.
It has been one year since China suspended the importation of some agro products through the borders. Besides, corn is not listed in China’s legitimate goods for border trade. Therefore, the ministry is making an effort to seek China’s AQSIQ registration and to reach an agreement with China for legal trade.
Now, the coronavirus consequences slow the trade. The price is positively related to demand from the neighbouring countries. Therefore, traders are struggling with the falling price due to blockage, coupled with old stocks being piled up in the border market.
Myanmar intends to reach the corn export target of over a million tonnes in the current fiscal.
Myanmar has shipped 1.5 million tonnes of corn, worth US$270 million, to foreign countries in the previous financial year. During the previous fiscal, 200,000 tonnes of corn, worth over $40 million, was shipped through maritime trade, while 1.3 million tonnes of corn, with an estimated value of $230 million, was sent through the borders, according to the data released by the Ministry of Commerce.
As per data from the Ministry of Commerce, Myanmar has exported 1.4 million tonnes of corn, worth over $290 million, in the 2017-2018FY; 1.2 million tons of corn, worth $250 million, in the 2016-2017FY; and, 1.1 million tons of corn, worth $300 million, in the 2015-2016FY.
There are over 1.9 million acres of corn plantations, primarily in Sagaing and Magway regions, and Chin, Kayin, Shan, and Kayah states. — GNLM (Translated by Ei Myat Mon)

(The Global New Light of Myanmar: https://www.globalnewlightofmyanmar.com/myanmar-exports-over-600000-tonnes-of-corns-in-current-fiscal-h1/ )

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