Myanmar Rice Federation voluntarily suspended exports to prevent a rise in prices after more than 200,000 acres of rice fields were damaged by the floods and the suspension will last until mid-September.
Heavy monsoon rains, along with Cyclone Komen, late last month flooded parts of northern and western Burma, according to the Organization for Food and Agriculture of the United Nations. The floods may see exports fall short of its target.
Relevant : Myanmar Exports
More than 1.2 million acres of farmland were flooded and more than 1 million people have been severely affected, the UN Office for the Coordination of Humanitarian Affairs said on August 12, citing the Ministry of Agriculture and Irrigation. The loss of stored food and livestock, along with disruptions in business can see internal food security in the affected areas deteriorate.
Relevant : Myanmar Agriculture Exports