Black gram price rises to more than K2.6 million per tonne

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The picture shows the quality of black grams before being delivered to the market.

On 22 September, the price of black gram rose in the Yangon bean market, and a tonne of black gram RC began to reach above K2.6 million.
On the same day, the price of black gram RC was K2,634,000 per tonne, while black gram SQ/RC was traded at K2,910,000 per tonne, and pigeon peas (red gram) at K4,050,000 per tonne.
The price of black gram and red gram in September 2023 remained the highest in the domestic bean market. Thus, the price of a tonne of black gram was only around K200,000 higher than the highest price of black gram until 2022, but that of red gram increased by around K2 million compared to the highest price of red gram until 2022. The price of pigeon peas rose sharply within a year, almost double the price that was the highest until 2022.
During the rainy season of 2023, when the cultivation of pigeon peas decreased in India, the pigeon pea cultivation in Myanmar will be higher than usual, and it will start arriving in the market at the end of the year after a few months. The Indian bean market estimated that Myanmar bean production can be between 250,000 and 300,000 tonnes of pigeon peas and 650,000 and 700,000 tonnes of black gram.
In the first five months of the 2023–2024 financial year, 720,900 tonnes of beans and pulses worth US$586 million were exported, of which 279,300 tonnes of black gram worth US$214 million were exported. Therefore, at the beginning of this financial year, black gram accounted for 38.74 per cent of the tonnage of pulses exported and 36.5 per cent of the pulses’ income from export earnings.
Among the agricultural produce that are exported abroad, pulses have the highest export earnings. Among these beans, black gram, mung bean, and pigeon peas are the most exported.
According to a bean businessperson, the foreign currency earnings from the export of various types of pulses in the 2023–2024 financial year may be higher than the previous year due to the high prices of black gram and pigeon peas this year. — TWA/CT

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