Myanmar exported over 1 million tonnes of various pulses from 1 October to April-end in the current financial year 2019-2020, earning over $730 million, according to the data of the Ministry of Commerce.
During a-year ago period, about $600 million worth pulses and beans were exported. The export volume is up by over 10,000 tonnes compared with the corresponding period of last year.
India is the main buyer of Myanmar beans, especially mung beans. Besides India, Myanmar’s beans are purchased by Bangladesh, Pakistan, Nepal, Dubai, Malaysia, Indonesia, China (Taipei), Japan, and European countries. But, the volume of demand is small, according to the domestic pulses market.
India imposed a nationwide lockdown as of mid-April and extended the lockdown to slower the spread of coronavirus pandemic. As a result of this, supply chain disruption affected the trade.
For the current fiscal year 2018-2019, India increased the quota limit from 150,000 to 400,000 tonnes of mung bean to reach the market’s demand, according to trade notice released by the Directorate General of Foreign Trade under India’s Ministry of Commerce and Industry on 12 December 2019.
India earlier stated that the further increased quota of 250,000 tonnes has to arrive at India’s port by 31 March 2020. Due to the coronavirus impacts, they made the extension two times. Furthermore, they extended import deadline to May-end. Following that, mung bean and green gram prices slightly rose in Mandalay market.
Next, India has notified the annual quota of beans imports for the next fiscal year 2020-2021, including 400,000 tonnes of pigeon peas, said Secretary U Min Ko Oo Myanmar Pulses, Beans and Sesame Seeds Merchants Association.
India’s Department of Commerce under the Ministry of Commerce and Industry has notified quota limit for the next FY on 28 March 2020, allowing the Indian millers to import 400,000 tonnes of pigeon peas, 150,000 tonnes of green peas and another 150,000 tonnes of yellow peas and other types of beans.
Moreover, India’s Commerce Department has issued an announcement to import 400,000 tonnes of mung beans for the 2020-2021FY as per the amended 2015-2020 Foreign Trade Policy of the Central Government.
“India’s notification of pea import quota for the coming fiscal year reflects the requirement of India’s market. The large quota limit is a good potential for Myanmar’s bean industry,” he added.
Myanmar ships over 1.6 million tonnes of different varieties of pulses, especially mung beans, with an estimated worth of US$1 billion, to other counties in the last fiscal year 2018-2019.—Mon Mon (Translated by Ei Myat Mon)