The price of green gram is rising in January and there is no sign of falling, said a pulse trader from Bago region.
It was K 60000 per 20 viss last month, and has increased to K 72000 in January 2024, he said.
“The reasons behind the price rise are low stock and high quality of green gram,” he explained.
Myanmar exports green gram that meet the required quality standards.
“There is no sign of green gram price falling this year. It can only go up. Since it has to be exported until the contracted tonnes are met, it will push the price higher,” he said.
Among major crops like paddy, corn, groundnut, sunflower, pulses, cotton and sugarcane in Myanmar, pulses, a major export item, are grown in 20 percent of agricultural land, making it the second most widely cultivated crop and accounting for 33% of agricultural produce. Matpe, green gram and pigeon beans are grown on 72 % of pulses acreage and others include cow pea, French bean, butter bean, rice bean, chick pea, soya bean and green peas, according to the Ministry of Commerce.
MT/ZN
