Green gram market sees flat rate amid border trade slowdown

green gram 1 NS
As per green gram plantation data, there are over 300,000 acres of plantations in the country.

The price of green gram remains stable owing to the border trade closure triggered by the COVID-19 crisis, exporters said.
The trade slowdown happened amidst the COVID-19 infections spiking in the country, causing the price to flat. The price of green gram stood around K121,000 per three-basket bag.
Following up on the COVID-19 detection of the staff from Muse 105th mile trade zone, China closed down all the border posts. Wan Ding, Kyinsankyawt and Pan Hseng (Kyukoke) border posts came to an abrupt halt on 8 July.
In a bid to contain the spread of coronavirus on the border, China banned border crossing, causing the price hike for the agricultural input, cement and medical devices and posing difficulties for exporters and importers.
Myanmar conveyed more than 539,000 tonnes of green grams to foreign trade partners between 1 October and 18 June in the current financial year 2020-2021, according to the Ministry of Commerce’s trade data.
The country generated an income of US$427.17 million from the exports of green grams over the past eight and half months.
China accounts for 60 per cent of Myanmar’s green gram exports. In addition, countries in the European Union, India, Thailand and Viet Nam also purchase green grams from Myanmar. China prefers green grams (Shwe Wah) variety. At present, the demand slips due to border trade restrictions amid the COVID-19, traders said.
China makes value-added products from green grams and sends them to foreign markets. Moreover, it produces bean by-products as feedstuffs.
Myanmar’s green gram exports were registered at over 330,000 tons in the 2015-2016 financial year, over 400,000 tonnes in the 2016-2017FY, and over 350,000 tons in the 2017-2018FY and over 300,000 in the 2018-2019FY. Green grams are mostly exported to China through the border trade channels.
Of the total pulses’ exports, green grams accounted for more than 26 per cent of the exports in the previous years.
As per green gram plantation data, there are over 300,000 acres of plantations in the country. Green grams are primarily grown in Sagaing, Magway, Mandalay, Yangon, Bago, and Ayeyawady regions and Mon and Kayin states. – KK/GNLM

Share this post
Hot News
Hot News