India’s huge demand for beans has resulted in a low Matpe stock in Mandalay market, according to Mandalay commodity wholesale centre.
As a result, Matpe and pigeon pea have fetched good prices in Mandalay market
“Demand from India has been steadily increasing. The old stock of Matpe was quite low in Mandalay market,” said a spokesperson from the commodity wholesale centre.
There are pre-purchases for export by sea scheduled for January and February next year.
From 1 April to 17 November this financial year, more than 1million tonnes of beans and pulses including Matpe and pigeon pea were exported, generating export earnings of US$ 850 million, according to statistics of the Ministry of Commerce.
Htet Oo Maung/ZS
