November 19
MYANMAR has exported approximately 2.3 million tonnes of corn to the foreign trade partners in the financial year 2020- 2021, said U Min Khaing, chair of the Myanmar Corn Industrial Association.
Of 2.3 million tonnes, the majority of them were delivered to Thailand, whereas the remaining corns were conveyed to China, India and Viet Nam.
This year, the corn fetched a good price of US$260-270 per tonne. It was priced only $200-230 per tonne during the year-ago period. Thailand gives the green light to corn imports through Mae Sot under zero tariff (with Form-D), between 1 February and 31 August.
Thailand has granted tax exemption on corn imports between February and August. However, 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. During last FY 2019-2020 ended 30 September, the country exported 2.2 million tonnes of corns to the external market, with an estimated value of $360 million, the Ministry of Commerce’s data showed.
Myanmar is the second-largest exporter of corn among regional countries. At present, corn is cultivated 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. — NN/GNLM
