63,766 tonnes of corn worth some $20 mln exported to Thailand in Q1

According to the statistics from the Ministry of Commerce, 63,766 tonnes of corn worth about US$19.793 million were exported to neighbouring Thailand in the first three months of the 2023-2024 financial year.
On the other hand, based on the agreement between the two countries, the export of corn to Thailand is allowed with tax exemption from the country of origin from February to August this year. In addition, exporters are required to obtain an application for a permit to carry export goods (QR Code) from Kholan, Namhsam, Langkho, Mongnawng and Mongshu. Furthermore, with the opening of the Electronic Data Interchange (ED), corn is being exported to Thailand via Mae Sai city.
In April, 13,242 tonnes of corn were exported from Tachilek, worth $4.122 million. In May, 26,151 tonnes were exported, valued at $8.121 million. Additionally, in June, earnings from export of 24,373 tonnes of corns amounted to $7.55 million.
Currently, in addition to the falling price of corn, it is known that companies are exporting the lesser volume of corn due to Thailand having sufficient corn crops storage until September.
There is an increased export of corn until August, which falls within the tax-free concession period. This time also signifies the efforts of businessmen to secure a long-term share in the corn market. — TWA/KZW