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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.

Post forecasts lower rice exports in August due to the closure of all border checkpoints along the Burma-China border and poor demand from African and EU countries.

Burma’s corn production is estimated at 2.57 million metric tons in both MY 2020/21 and MY 2021/22 due to high price incentives.