Browse Data and Analysis

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 Burma’s rice export lower in October due to the continued closure of all border checkpoints along the Burma-China border, poor demand from African and EU countries, and high shipping costs.

The military coup continues to negatively impact Burma’s economy, and the value of the Myanmar Kyat hit record lows in September. Arriving shipments, however, are being cleared and are not facing many clearance challenges.