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- (-) October 2021
- (-) Burma
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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.
For Marketing Year October 2021/September 2022 (MY 2021/22), Post forecasts overall sugar production to increase to 620,000 metric tons (MT) due to favorable weather conditions.