What is the price of sugar per kilogram/pound in Myanmar today?
The retail price range for Myanmar sugar is between US$ 0.75 and US$ 1.20 per kilogram or between US$ 0.34 and US$ 0.54 per pound(lb). Click here to see today's exact prices of sugar in Myanmar
The retail price range in Kyat for sugar is between MMK 1,592.20 and MMK 2,551.60 per kilogram or between MMK 722.08 and MMK 1,157.19 per pound(lb) in Naypyitaw and Yangon.
Wholesale prices
In 2024, the approximate wholesale price range for Myanmar sugar is between US$ 0.52 and US$ 0.84 per kilogram or between US$ 0.24 and US$ 0.38 per pound(lb).
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Myanmar Sugar Export Prices - Historical, Trends and Prediction
The export price of sugar from Myanmar over the last five years has seen a steady decline. In 2017, the price per kilogram was 0.24 US dollars, followed by a sharp increase to 1.02 US dollars in 2018. However, the price has since decreased to 0.30 US dollars in 2020. This trend is expected to continue in the coming years, with the price predicted to be 0.29 US dollars in 2023 and 0.28 US dollars in 2024.Myanmar Sugar Import Prices - Historical, Trends and Prediction
The import price of sugar into Myanmar over the last five years has been quite volatile. In 2016, the price per kilogram was 0.95 US dollars, before dropping to 0.42 US dollars in 2015. This was followed by a slight increase to 0.56 US dollars in 2014. In 2017, the price dropped to its lowest point of 0.24 US dollars per kilogram. Since then, the price has been on the rise, reaching 1.02 US dollars in 2018 and 0.4 US dollars in 2019. The most recent data shows that the price has dropped to 0.3 US dollars per kilogram in 2020. Based on this trend, it is likely that the price of sugar in Myanmar will remain around 0.3 US dollars per kilogram in 2021 and 2022. Predicted prices for 2023 and 2024 are 0.31 US dollars and 0.32 US dollars per kilogram respectively.Export values for Myanmar sugar
The total values in export for sugar in Myanmar were US$ 1,066,117, US$ 758,445, US$ 764,653 and US$ 112,328 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Myanmar: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of sugar in other countries across Asia: Kazakhstan sugar, Kyrgyzstan sugar, Tajikistan sugar, Turkmenistan sugar, Uzbekistan sugar, China sugar, Hong Kong sugar, Macao sugar, North Korea sugar & Mongolia sugar.
Myanmar sugar - Production, Exports, Imports, Seasons and HS Codes
In 2019 Myanmar shipped 267,866 tonnes of sugar. For 2019 alone, the interest in Myanmar sugar (processed category) has decreased, changing by -62.869 pc compared to the year 2018. Between 2017 and 2019, sugar's exports reduced by -72.23% bringing the exporter US$112.33m for the year 2019. Myanmar's sugar exports are categorised as:
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
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Myanmar sugar export values
In 2019, Myanmar shipped sugar costing 112.33m USD, a reduction of -85.31% from 2018's total sugar export of 764.653m USD. The yearly change in value of Myanmar sugar between 2017 to 2018 was 0.81851683 per cent.
The per year change in the amount of Myanmar's sugar exports between 2017 and 2019 was -72.23 pc when compared to a variation of -62.869% in the growth rate between 2018 and 2019.
Export markets for Myanmar sugar ( in '000$ )
Myanmar purchased 134,322 tonnes of sugar in 2019.
Production
The production of sugar in Myanmar was 2,904,546 tonnes in 2019 and is estimated to change by an average of 1.69%. The country had an estimated 197,166.00 hectares under sugar cultivation.