Newly harvested green gram is flowing into the market, and the prices continue to surge in Mandalay’s market due to the robust demand by Chinese buyers.
The price of new green gram from central Myanmar regions stood at only K1.837 million per tonne in the Mandalay market on 1 January 2024 and jumped to K2.04 million per tonne on 30 January.
The figures showed a sharp rise of over K200,000 per tonne within one month.
Myanmar exports green gram to China, India, the Netherlands, the UK and Germany through maritime and border channels. Over 320,000 tonnes of green gram worth US$218.26 million were shipped worldwide as of 19 January of the current financial year 2023-2024 beginning 1 April. The Ministry of Commerce stated that Myanmar will export 600,000 tonnes of green gram to external markets this FY, with 150,000 tonnes in each batch.
There is a wide range of foreign markets for Myanmar’s green gram. More than 8,000 tonnes of green gram are sent to the European Union member countries. This season, ten companies have proposed green gram export. The Ministry of Agriculture, Livestock and Irrigation and the Ministry of Commerce have agreed to export the green grams to European countries for bean sprouts starting in 2015. — NN/EM
