India’s lifting of ban on pulses importation drives prices up

Sa green gram 72Following the news about India lifting its ban on the import of pulses, mung bean prices increased by Ks72,000 per tonne in the Yangon market.
India has now permitted an import quota of 150,000 tonnes of mung beans and green gram each for the 2018-2019 financial year (FY), according to recent official news.
The price of mung beans RC is up by Ks72,000. The pulses market has recovered from a steep decline. On 5 May, 135 containers were traded, according to records at Bayintnaung commodity depot.
On 5 May, mung beans RC fetched Ks454,000 per tonne, while mung beans SQ were worth some Ks616,000.
Mung bean prices were below Ks400,000 between 2 and 4 May. Last Friday, mung beans RC fetched Ks382,000 per tonne, while mung beans SQ were offered at Ks520,000 per tonne.
In the last FY, Myanmar exported some 600,000 tonnes of mung beans, pigeon peas and green gram, including 300,000 tonnes of mung beans.
Prior to India’s restriction on the import of pulses, mung beans RC fetched Ks757,000, while the special quality was worth Ks887,000 per tonne. —Maung Sae Aung

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