Black gram exports top $526 mln last FY


Myanmar shipped over 677,526 tonnes of black gram (urad called in India) to foreign countries in the financial year 2020-2021, generating an income of US$526.7 million, according to the Ministry of Commerce.
​The price of black gram hit an all-time high of K2 million per tonne on 29 September following the Kyat weakening against the US dollar. At present, the exchange rate of a US dollar dipped to about K2,000 and the prices of black grams dropped to below K1.5 million accordingly, as per the data of Yangon Region Chambers of Commerce and Industry (Bayintnaung Wholesale Centre).
The Kyat depreciation in the forex market is a contributing factor to the price hike. A dollar is worth K3,000 in the black market on 29 September.
Furthermore, the main buyer India relaxed the quota on imports for black gram, pigeon pea and green gram.
India earlier set import quota on beans including black gram and pigeon pea starting from 2017. Myanmar earlier had to export black bean and pigeon pea under the quota system and limit period.
India’s Ministry of Agriculture and Farmers Welfare approved not only black gram but also other pulses being imported from Myanmar that have a bill of lading up to October-end 2021, with relaxations of conditions regarding clearance consignment up to 30 November 2021.
According to this statement, the previous notifications dated 19 March 2021 and 26 March 2021 were cancelled.
Additionally, Myanmar can export 250,000 tonnes of black gram (urad) and 100,000 tonnes of pigeon pea under the G to G (government to government) pact during the April-March period between the 2021-2022 financial year and the 2025-2026FY, as per the Memorandum of Understanding between the Ministry of Commerce and India’s counterpart signed on 18 June. Myanmar has shipped over 655,314 tonnes of black grams to foreign countries as of 17 September 2021 since 1 October 2020, generating an income of US$507.37 million, according to the Ministry of Commerce.
Myanmar yearly produces about 400,000 tonnes of black gram and 50,000 tonnes of pigeon pea.
Myanmar is the top producing country of black gram that India demands. Besides Myanmar, other beans such as pigeon pea, green gram and yellow pea, are also grown in Australia and Africa, Myanmar Pulses, Beans and Sesame Seeds Merchants Association stated. — KK/GNLM

Share this post
Hot News
Hot News
Team Myanmar holds draw in friendly match against Chinese Sichuan FC
MoNREC designates Gahe II as protected public forest
Action taken against 1,263 YBS buses driving in city for undisciplined acts within two months
Seek incomes for the nation and the people in gems emporia
Abundant supply of peanut pushes down peanut oil price to K12,000 per viss
Red pigeon pea fetches K2.4 million per tonne within a day
DPM MoTC Union Minister inspects riverbank erosion prevention works in Nyaungdon, Lemyethna
Opening of concrete bridge, beach resort honours 49th Anniversary of Mon State Day
SAC member Deputy Prime Minister and Union Minister for Defence attends 49th Mon State Day celebration
58th Myanma Gems Emporium continues for third day