There was a decline in prices caused by China’s ban on purchasing maize from Myanmar early this year. At the end of 2018, maize fetched K30,000 (US$20) per sack of three tins (each tin equivalent to nine gallons), but the price declined gradually from the beginning of the year to K22,500 before rebounding a bit. The market price of a viss (1.6 kilograms) of maize is K330 to K400, which is higher than the low of K260-K340 set in 2015. During the 2015 slump, the price of a sack of maize was K17,000.
Myanmar planted 1.5 million acres of maize this year, and expects to harvest about 3.2 million tonnes. According to the Ministry of Commerce last year, Myanmar exported 1.67 million tonnes of maize to China, or around 2 million tonnes if unofficial trade was counted.
Read more at the source: https://www.mmtimes.com/news/maize-farmers-hopeful-despite-declining-price.html?fbclid=IwAR2Q0FL_QeFSl2JCzSAHXD3xX5e2KJXEPPDuFqSN_JtHydUT3AdYgFEttgY