Green gram price surges in late April


Information from the Mandalay market reported that the green gram prices turn up within these days. New green gram from central Myanmar were priced at K1,524,000 per tonne on 2 April. It increased to K1,687,000 per tonne on 25 April.
Therefore, the price of green gram has surged by K163,000 per tonne within three weeks.
In the first week of February, the new green gram price skyrocketed to K2,041,000 per tonne as it was exported abroad.
Myanmar ships the green gram to China, India, the Netherlands, Ireland, England, and Germany through shipment and land borders. The country exported a total of 503,970.579 tonnes within the 2023-24 financial year from 1 April to 31 March 2024, from which a total of US$336.893 million was generated.
The Ministry of Commerce formerly targeted the export of 600,000 tonnes of green gram in the 2023-24 FY by four batches; each batch will deliver 150,000 tonnes of green gram respectively. However, the ministry failed to reach the expected export target of green gram. Green gram from Myanmar ensures market share in the global market. Myanmar transports approximately 8,000 tonnes of green gram to Europe annually.
The Ministry of Agriculture, Livestock and Irrigation and the Ministry of Commerce signed an agreement to transport the green gram to Europe commencing in 2015. — NN/TMT

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