Chickpea market remains flat amid transport problems

IMG 20201215 091049 p12
Myanmar exported chickpeas to India, Pakistan, UAE, Turkey and other foreign markets last year. The chickpeas are cultivated in Yangon, Mandalay, Bago, Sagaing and Ayeyawady regions and Nay Pyi Taw. There are 890,000 acres of chickpeas across the country.

The chickpea price remained flat in March-end and early April, owing to the transport problems triggered by political changes.
The trading nearly comes to a halt in the Mandalay market. The price moved in the range of K69,000-72,000 per bag, depending on the varieties.
However, the chickpea growers expect a good price in the harvest season amid low yield this year.
On 5 February, the prices of chickpeas ranged between US$1,365 and $1,385 per metric ton, Bayintnaung market’s data showed.
Bayintnaung wholesale centre, a primary market for exports via maritime trade, has been closed down since 11 February.
At present, the domestic bean market is positively related to supply and demand law. The black bean price depends on the buyers and sellers. There is no official set price, the traders stressed.
“The prices usually fluctuate depending on supply and demand. When the peas are loaded on the ship, the prices climb up. At present, the market is slowing down due to transport problems and transaction difficulties”, said a trader from Mandalay who shared his opinion.
Myanmar exported chickpeas to India, Pakistan, UAE, Turkey and other foreign markets last year. The chickpeas are cultivated in Yangon, Mandalay, Bago, Sagaing and Ayeyawady regions and Nay Pyi Taw. There are 890,000 acres of chickpeas across the country.
The peas are cultivated in October and November, and they are harvested in the January-April period.
More than 249,245 tonnes of various pulses and beans were exported to foreign markets between 1 October and 4 December of the current financial year 2020-2021, with an estimated value of US$217 million. The chickpea exports accounted for 1,549 tonnes, generating an income of over $997,000, the Commerce Ministry’s data indicated. — KK/GNLM

Share this post
Hot News
Hot News
24 May 2022
Cyclone shelters, ready to give shelter to disaster victims
Myanmar Vovinam team wins one gold, one bronze while boxing bags one silver in 31st SEA Games
100 baskets of summer paddy priced at some K800,000 in Pantanaw Township in May
Myeik District Rice Traders Association to buy paddy from Myeik Tsp at minimum rate of K700,000 per 100 baskets
Peace delegation led by Vice Chairman of New Mon State Party (NMSP) arrives in Nay Pyi Taw to participate in peace talks offered by the SAC Chairman
Union Information Minister addresses 3rd conference of Myanmar Writers’ Association
SAC Vice Chairman Deputy Commander-in-Chief of Defence Services Commander-in-Chief (Army) Vice-Senior General Soe Win comforts patients receiving medical treatment at Defence Services General Hospital (1000-bed) in Mingaladon Township
SAC Vice Chairman National Disaster Management Committee Chairman Vice-Senior General Soe Win meets with people affected by natural disasters, provides relief supplies to Mon State disaster management team
Vice Chairman of the State Administration Council Deputy Commander-in-Chief of Defence Services Commander-in-Chief (Army) Vice-Senior General Soe Win pays homage to remains of State Ovadacariya Shwethuwun Sayadaw