Myanmar earns $390.895 mln from over 486,413-mln-tonne pulses export in nearly 4 months of mini-budget year

Myanmar had earned US$ 390.895 million from the export of over 486,413 million tonnes of various beans and pulses through maritime and border routes from 1 October to 28 January during the mini-budget year of 2021-22 FY, according to the Ministry of Commerce.
Nearly four months of this mini-budget period, 453,684.109 tonnes of various beans and pulses worth $361.919 million were exported through a maritime trade route and 32,729.362 tonnes worth $28.976 million through a border trade route.
In the 2019-2020 financial year, Myanmar earned over $1.57 million from the export which exceeded more than $374 million worth of beans and pulses through both maritime and border routes, the ministry’s data showed.
During the 2019-2020FY, the country earned $966.407 million through maritime route and $604.300 million through border trade route from pulses export.
A memorandum of understanding was signed on 18 June to export a total of 350,000 tonnes of Myanmar pulses, including 250,000 tonnes of black bean and 100,000 tonnes of pigeon pea to India in five consecutive years (from the 2021-22FY to the 2025-26FY).
Of various kinds of beans and pulses domestically grown, Myanmar mainly exports mung bean, pigeon pea and green gram.
Mung bean and pigeon pea mainly go to India and green gram to China and some European Union countries.
Myanmar has more than 11 million acres of plantations of 18 kinds of beans and pulses. The black bean plantations are yielding around 400,000 tonnes annually in Myanmar. Besides, Myanmar has also produced about 50,000 tonnes of pigeon pea yearly. — Aye Maung/GNLM