The price of black grams continued plummeting after the demand of the main buyer India faltered, touching a low of K2.465 million per tonne.
The prices hit K2.634 million per tonne on 22 September, whereas it plunged to K2.465 million per tonne on 3 October, indicating a sharp drop of K169,000 per tonne in the past 11 days.
Myanmar’s various pulses export earnings were estimated at over $682 million from over 827,000 tonnes over the past five months of the current financial year 2023-2024. Of them, Myanmar shipped over 350,000 tonnes of black grams to foreign countries with an estimated value of over $311 million.
Myanmar’s pulses exports earned over US$1.47 billion from over 1.9 million tonnes in the previous FY 2022-2023, the Ministry of Commerce’s statistics indicated. Myanmar primarily exports black grams, green grams and pigeon peas to foreign markets. Of them, black grams and pigeon peas are mostly shipped to India while green grams are exported to China and Europe.
Black grams which India primarily purchases are commonly found only in Myanmar, whereas pigeon peas, green grams and chickpeas are grown in African countries and Australia, Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association stated. — NN/EM
