Increasing India’s beans demand lowers Matpe stock in Mandalay market

Matpe MDN
Photo: MDN

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

 

 

 

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