East Asia and the Pacific

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.

Post maintains its estimates for marketing year 2020/2021 (MY20/21) paddy area and production at 3,265 thousand hectares (THA) and 9.48 million metric tons (MMT). Despite reported droughts and floods in some parts of the country, industry sources expect higher production of the MY21/22 main wet season crop.

Export prices of white and parboiled rice increased one percent as the Thai baht strengthened against the U.S. dollar.

Private exporters report the following activity for MY 2021/2022: 396,000 MT of soybeans for delivery to unknown destinations, 326,750 MT of soybeans received during the reporting period for delivery to unknown destinations, and 132,000 metric tons of soybeans for delivery to China.

Private exporters reported sales of: 161,544 metric tons of corn for delivery to unknown destinations during the 2021/2022 marketing year 330,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year 198,000 metric tons of...

Private exporters reported to the U.S. Department of Agriculture export sales of 334,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.