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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 higher Burma’s rice export in November in anticipation of active demand from China and EU countries during harvest of the new crop.

There are no significant developments to convey since the previous report from October 2020. Although Burma (also called Myanmar) does not yet have a comprehensive biosafety legislation, the final version of the National Biosafety Framework and Biosafety Guidelines are completed and pending approval.