Burma: Burma Corn Production Supply and Demand
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FAS Rangoon forecasts Burma’s corn production lower due to rising production costs, unstable security conditions in some production areas, and unfavorable weather especially in Shan State. Domestic feed consumption in marketing year (MY) 2022/23 will be higher than the previous year but still below average consumption before the pandemic. Corn prices fluctuated in 2022 due to changes in trade policies, restrictions on exports, and changes to foreign currency management. China approved the registration of 87 Burmese companies to officially export corn to China. FAS Rangoon forecasts Burma’s corn exports to grow in MY 2023/24 with the expectation of strong demand from China, Thailand, Vietnam, and Philippines.