Black gram price declines amid bustling trade in Yangon market

Black gram and pigeon pea prices dipped in the second week of November, however, the prices stayed on the high side. Traders of black gram traders are doing a roaring trade in Yangon’s market.
Although the price of black gram (FAQ) fell below K2.9 million per tonne in Yangon’s market, 35 containers (840 tonnes) of black gram were transacted on 9 November.
The price hit a high of K2.937 million per tonne on 31 October and then dropped to below K2.9 million per tonne between 6 and 9 November.
The price plunged to K2.86 million per tonne on 9 November despite bustling trade activities.
A total of 85 containers of black gram were traded as of 9 November and trading volume during 16 days of market opening in October was 280 containers (6,720 tonnes).
Meanwhile, the pigeon pea price remained unchanged at K4.075 million per tonne between 29 September and 3 November. Then, the price slid to K3.9 million per tonne between 4 and 9 November. The market barely saw price fluctuations of pigeon peas.
India, the main buyer of Myanmar’s black gram (urad) and pigeon pea (tur), has a low pulse yield in the monsoon season.
To prevent a price hike and meet local demand, India extended stock holding limits for pulses to 200 tonnes until 31 December.
After the monsoon rice season, growers started to grow black gram during the intercropping season in lower Myanmar regions. Pigeon peas are soon to flow into the market. Myanmar growers are expected to receive a handsome profit in the upcoming pulse season. — TWA/KK