Black gram price recovers in domestic market

The black gram price bounced back slowly in the domestic market following an increase in FOB price.
The black gram price stood only at K2.78 million per tonne on 29 November. It rebounded to K2.98 million per tonne on 6 December, indicating a significant rise of over K200,000 per tonne within one week.
Myanmar primarily exports black grams, green grams and pigeon peas to foreign markets. Black grams and pigeon peas are mainly shipped to India, while green grams are exported to China and Europe.
Myanmar’s various pulses export earnings were estimated at over US$884 million from 1,046,000 tonnes in the nearly eight months of the current financial year 2023-2024 beginning 1 April. Myanmar’s pulses exports bagged over US$1.47 billion from over 1.9 million tonnes in the previous FY 2022-2023, the Ministry of Commerce’s statistics indicated. — NN/EM

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