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Exporters and importers continue to face much uncertainty due to the military regime’s foreign currency control policies and continuing conflict between the regime and ethnic armed forces. FAS Rangoon forecasts Burma’s MY 2024/25 rice exports to recover to 1.7 MMT amid high stocks and expected relaxation of export controls. MY 2024/25 corn exports and wheat imports will remain flat.

The February 1, 2021, military coup continues to negatively impact Burma’s economy.

In May 2021, Burma’s rice exports are forecast to decline with the expectation of the continued closure of Burma-China border checkpoints to prevent the spread of COVID-19.