Pigeon pea price doubles this year, black gram price jumps

The prices of black gram escalated and pigeon pea prices even doubled in the third week of October 2023 compared to those of the corresponding period last year.
The prices touched a high of K2.77 million per tonne of black gram (Fair and Average Quality), K3.065 million per tonne of black gram (Special Quality) and K4.075 million per tonne of pigeon pea on 21 October 2023.
The prices were registered at K1.8 million per tonne of black gram (FAQ), K2.133 million per tonne of black gram (SQ) and K1.965 million per tonne of pigeon pea on 21 October 2022.
The figures indicated an increase of over K900,000 per tonne for black gram and K2.1 million for pigeon peas this year.
The FOB prices for 19 to 21 October 2023 were US$1,005-1,025 per tonne of black gram FAQ, $1,110-1,130 per tonne of black gram SQ and $1,350-1,370 per tonne of pigeon pea.
The FOB prices last year were $775-795 per tonne of black gram (FAQ), $910-930 per tonne of black gram (SQ) and $835-855 per tonne of pigeon pea on 21 October 2022.
Despite the harvest season of black gram (urad) in India, they are of low quality. Consequently, Myanmar’s black gram is offered at higher prices.
The black gram was priced at 9,500 Rupees per Quintal (100 kilogrammes) in mid-October in India. In the 2023-2024 season, India forecast that pulses yield rates were estimated at 650,000-700,000 tonnes of black gram and 250,000-300,000 tonnes of pigeon pea, citing pulses news.
Myanmar is expected to generate higher export earnings from pulses this year. Myanmar primarily exports pigeon peas to India. Myanmar accounts for half of India’s pigeon pea (tur) import.
Amid India’s growing demand for pulses in 2023, pulses growers and traders will prosper this year. — TWA/KK