Black gram FAQ/RC fetches over K1.6 million per tonne

In the Yangon market, the black gram FAQ/RC was priced at K1612,000 per tonne and K1802,000 per tonne of SQ/RC on 17 June.
The price was lower than K300,000 per tonne compared to the price of black gram FAQ/RC at K1,875,000 on 2 October 2021, said Ko Thet, a bean dealer.
The price of black gram was K1,410,000 per tonne on 12 May and the price rose to further K200,000 within two months.
The black gram is mostly grown in Ayeyawady, Yangon, Bago, Magway and Mandalay regions.
Myanmar exports black gram to India yearly and the price became K1.5 million per tonne in March 2022, below K1.5 million per tonne in April and May and over K1.6 million per tonne on 17 June in the Yangon market after the news that India sees a drop in bean production, said Ko Thet, the Yangon bean merchant.
The price of black gram FAQ/RC hit a record at K2,456,000 per tonne in October 2015 and reached K1.8 million in mid-2016 and below K1.3 million by the end of 2016.
The prices were K1.2 million in 2017, K1 million in 2018, K1.3 million in 2019, K1.2 million in 2020 and K1,875,000 in 2021.
As the black gram prices are high, the delta region residents will choose the profitable crops among the summer paddy, chilli and black gram after the harvesting period of monsoon paddy, the merchants said. —TWA/GNLM