Myanmar's corn exports exceed target, becoming one of the pillars of foreign exchange earnings

During the 3rd/2024 National Export Strategy Government-Private Export Promotion Committee Meeting, Myanmar's Union Minister of Commerce, U Tun Oun, reported that corn kernel exports have exceeded expectations in the first half of the 2024-2025 fiscal year. Corn kernels have become the third largest agricultural export in terms of foreign exchange earnings, following beans and rice. Myanmar exports about two-thirds of its annual corn production, which amounts to approximately 3.2 million metric tons, with 2.2 million metric tons being exported and 1 million metric tons consumed domestically.

According to Myanmar media reports, at the 3rd/2024 National Export Strategy Government-Private Export Promotion Committee Meeting, U Tun Oun, Union Minister of Commerce, added in his speech that corn kernel exports exceeded the set target within 6 months of the 2024-2025 fiscal year. The Union Minister said that each export product has an export target. For corn kernel exports, the export within 6 months has exceeded the set target, and other export products need to continue to be exported to achieve the set target. Currently, among Myanmar's agricultural products exported, beans are the export product that earns the most foreign exchange, rice is the second most foreign exchange agricultural product, and corn kernels have become the third most foreign exchange agricultural product. About two-thirds of the ...