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- (-) March 2022
- (-) Burma
- (-) Bangladesh
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Edible oil prices have been trending higher and are now increasingly volatile due to poor market transparency and the Russian invasion of Ukraine. Post forecasts MY 2022/2023 soybean imports up to 2.8 million MT, while local soybean production remains flat.
Post forecasts smaller Burmese rice exports in March due to a smaller supply; however, Burmese rice exports will remain strong due to high world prices and anticipated strong demand from African and EU countries, China, and the Philippines.
The Burmese Government published new labeling requirements for prepackage food on January 20, 2022. An unofficial translation of the original order is attached to this report.