Green gram prices rise on steady Chinese demand

The price of green gram remains high on account of the steady demand by China, traders said.
At present, the FOB prices of green grams (Fair and Average Quality) move in the range of US$1,050-1,100 per metric ton depending on varieties.
Green grams (Shwe Wah variety) from the Mandalay Region and Sagaing Region townships are also flowing into the Mandalay market. The price is expected to remain high due to growing demand, according to Mandalay depot.
The green grams fetch K39,000-41,000 per basket during the harvest season this year, Pakokku commodity depot’s data indicated.
The low rainfall affected the yield. As a result of this, some growers are not financially doing well despite the high price of green gram, said U Tin Win, a grower from NyaungU Township.
U Min Nyo, a grower who uses electric pumps, stated that we do not worry over yield rate as we depend on irrigation water.
China accounts for 60 per cent of Myanmar’s green gram exports. Besides, countries in the European Union also purchase green grams from Myanmar. The export volume of green grams to India is lower compared to other countries. China prefers green grams (Shwe Wah) variety, said an official from the Commerce Ministry.
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 have registered over 330,000 metric tons in the 2015-2016 financial year, over 400,000 in the 2016-2017FY, and over 350,000 in the 2017-2018FY and over 300,000 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. — Ko Htein, Ko Khant (Translated by Ei Myat Mon)

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