Corn prices rose in Myanmar

Myanmar corn traders news, because of the Thai baht exchange rate, so domestic corn prices also follow the rise.

At present, Myanmar corn is exported to Thailand through the mouth of Myawaddy to avoid tax rights. Besides the price of corn itself, the exchange rate of the Thai baht against the Kyat currency has also increased, so the price of corn in Myanmar has also increased.

In the Yangon market in March, the price of corn was 1,170 Kyat per dollar, but the price has recently risen to 1,200 Kyat per dollar since April. In Thailand, 15 kg of a barrel of corn price to get more than 170 baht.

The period of duty-free export of Myanmar maize to Thailand is from February 1 to August 31. Myanmar produces about 2.5 million tons of corn annually, mainly to Thailand and China, and then to India and Vietnam in normal trade by sea.

The chairman of Myanmar's Association of Beans, Corn and Sesame Merchants said that the export of corn, compared to last year, shipping exports, the largest, the end of the fiscal year corn exports increased.