Black gram price hits fresh peak; pigeon pea price rebounds

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The picture shows varieties of pulses being sold in the domestic market.

The black gram price hit an all-time high of K3.005 million per tonne on 22 December 2024 in Yangon’s market. Similarly, the price of pigeon peas also bounced back to K3.175 million per tonne on 22 December.
The pigeon pea price stayed at K3.15 million per tonne between 30 November and 21 December 2023. The green gram price remains unchanged at present.
Despite the increase in black gram and pigeon pea prices, the FOB prices did not rise on 22 December.
The pigeon pea price hit a record high of K4.15 million per tonne on 8 September 2023. The prevailing price is down by K1 million per tonne compared to that. The newly harvested pulses stood at K95,000 per basket of pigeon peas and K92,000 per basket of black gram on 20 December.
Myanmar shipped 660,000 tonnes of black gram (urad) and 248,000 tonnes of pigeon peas to India between January and November 2023. Myanmar annually exports 1.5 million to 2 million tonnes of varieties of pulses to India. India has a high consumption of pulses, and the requirement to meet domestic demand is still growing.
India’s pulses output was estimated at 2.6 million tonnes in the 2022-2023 financial year, whereas 2.49 tonnes of pulses were imported then. India brought in 1.963 million tonnes of various pulses from external markets between April and October 2023.
Myanmar growers are expected to reap a handsome profit this year. Those traders who kept the stocks in hand saw an unexpected profit spike. — TWA/EM

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