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FAS Rangoon (Post) forecasts Burma’s rice exports, corn exports, and wheat import smaller in MY 2023/24. Exporters and importers continue to face a lot of uncertainties with the continuing changing policies on export/import procedures and foreign currency controls.
The poultry sector in Cote d’Ivoire is well established and contributes a substantial amount to the country’s agricultural GDP. Despite many challenges, such as Avian Influenza outbreaks and rising costs of feed and transport, the Ivoirian poultry industry has been able to overcome these challenges with great success.
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.
This guide serves as a resource for U.S. companies seeking to do business in Burma and provides market overviews, practical tips and information on local business practices, consumer preferences, and trends. This report also identifies opportunities and entry approaches for the three major market sectors (food retail, food service, and food processing).
Post forecasts Burmese rice exports lower in November. Despite the contracted shipment to Bangladesh, slow demand from African countries and high domestic prices will lead to lower exports in November. Domestic prices for Emata increased in November as local traders are purchasing stock in anticipation of a lower production. Prices for Shwe Bo Pawson also remained high.
Côte d’Ivoire has become one of the major palm oil producers on the continent. Since 2018, the country has produced more than 500,000MT yearly. Currently, production is expected to increase 26 percent in MY2022/23 while demand outweighs supply.
This report describes the status of Burma’s production, regulations, public attitudes, trading, and labeling requirements for genetic engineered products and the current activities for agricultural biotechnology.
On July 26, 2016, Cote d’Ivoire announced the implementation of the national biosafety law after its adoption by parliament. Although the country is in the early stages of adopting agricultural biotechnology, its biosafety law is the foundation on which the country will manage the approval processes, risk management, containment, and labelling for genetically engineered (GE) products developed domestically or by a third country.
Post forecasts Burmese rice exports higher in October. Despite low demand from African countries, there is high demand from Bangladesh and China. Domestic prices for both Emata and Shwe Bo Pawsan declined in October as supplies from the new rice crop enter the market and the Myanmar kyat appreciated against the U.S. dollar.
Post forecasts Burmese rice exports higher in September with increasing demand for Burmese rice due to India’s policies restricting rice exports. Despite larger domestic rice supplies from the new rice crop, domestic prices for both Emata and Shwe Bo Pawsan rose significantly. The depreciation of the Myanmar kyat and high production costs have continued putting upward pressure on domestic rice prices.
Post forecasts Burmese rice exports lower in August due to fewer supplies in the domestic market, higher domestic prices, lower anticipated production, and changes to foreign currency policies. Domestic prices for both Emata and Shwe Bo Pawsan rose significantly.
This report reflects updates on the Food law in Section I, Food Labeling in Section II, and import procedures Section IX.