Myanmar ships $79.58 mln worth of 254,930-tonne corn to foreign markets in May

Myanmar conveyed over 254,930 tonnes of corns to external markets through sea trade and border posts in May, with an estimated export value of US$79.58 million, according to the Ministry of Commerce.
Myanmar shipped $12.195 million worth 38,300 tonnes of corns to foreign trade partners via maritime trade. The majority of the corns were delivered to the Philippines, followed by Thailand and Bangladesh in May.
Additionally, Myanmar sent over 216,630 tonnes of corns to neighbouring countries via cross-border posts, generating an income of $67.385 million. A total of 215,974 tonnes of corns were exported to Thailand, while 695 tonnes were sent to China. The export volume via border trade reflected an increase of 191,180 tonnes (valued at $59.632 million) compared to the data recorded in April 2022.
In the 2021-2022 corn season (October-September), Myanmar targets to export about 2 million tonnes of corn to external markets, said U Min Khaing, chair of the Myanmar Corn Industrial Association.
Thailand gives green light to corn imports under zero tariff (with Form-D), between 1 February and 31 August. However, Thailand imposed a maximum tax rate of 73 per cent on corn imports to protect the rights of their growers if the corn is imported during the corn season of Thailand.
Therefore, only two months (July and August) are left for corn exports under Form D exemption.
At present, corn is cultivated in Shan, Kachin, Kayah and Kayin states and Mandalay, Sagaing and Magway regions. The country produces 2.5-3 million tonnes of corn every year. — GNLM