Mung bean, pigeon peas prices slide in domestic market

Bean
Photo shows mung bean at a warehouse in Yangon. Photo: Phoe Khwar

The prices of mung beans and pigeon peas are slightly declining in the domestic market, said Secretary U Min Ko Oo of Myanmar Pulses, Beans and Sesame Seeds Merchants Association.
During the post-Thingyan period in April, mung bean was priced K995,000 to K1 million per tonne. It has now dropped to K960,000-965,000 per tonne.
Similarly, pigeon peas price has now plunged from K800,000 to K770,000 per tonne compared with the prices in April.
The price is reflected by the changes in import policy by India, U Min Ko Oo continued.
India earlier set to import 400,000 tonnes of mung beans for 2021 financial year by March-end and made a further three-month extension on 22 May.
“The world countries lay down policy depending on the perception of national interests. India normally harvests the beans in September. To protect the rights of its farmers, India allowed importing the beans by August-end. If India experiences a low-yield, they will surely make a further extension to import the beans. If they get high yield, the period for import quota will end by schedule,” he said.
Myanmar is the main supplier of mung beans to India. Concerning other types of beans, Myanmar has to compete against Australian and African markets, according to Myanmar Pulses, Beans and Sesame Seeds Merchants Association. (Translated by Ei Myat Mon)

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