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Since Burma initiated a series of political and economic reforms in 2011, U.S. agricultural exports have grown over 80-fold, reaching a record $174 million in 2019 and $167 million in 2020 despite the COVID-19 situation.
Post forecasts higher Burmese rice exports in December. This forecast anticipates active demand from Africa, China, and EU countries during the new crop harvest and the reopening of Burma-China border gates.
On November 9, Burma published new negative import lists that indicate the products required to have import licenses with notification 18/2021, which included apples, grapes, oranges, pears and butter and milk products.
Myanmar production of beans and pulses in MY 2018/19 is forecasted to decrease 14 percent due to a reduction of the growing area, which we anticipate will shift to other crops.
The Ministry of Commerce (MOC) in Burma (Myanmar) announced Notification 25/2018, which allows foreign owned companies to enter the wholesale and retail sector if they meet minimum investment....