Pigeon pea prices hit one-week low

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The photo shows pigeon pea pods on sale in a market.

The price of pigeon peas recorded a one-week low of K4.025 million per tonne on 15 September 2023 after it hit an all-time high of K4.15 million per tonne on 8 September.
The pigeon pea price hit the highest of K2.175 million per tonne on 19 September 2022. This year’s prevailing market price doubled compared to the price recorded the year-ago last year.
The price of black gram also fell to K2.449 million per tonne on 13-14 September from K2.47 million per tonne on 12 September.
The FOB prices are US$1,290-1,310 per tonne of pigeon pea, $935-955 per tonne of black gram (FAQ/RC) and $1,035-1,055 per tonne of black gram (SQ/RC).
During the market opening days on 12 September, 150 containers (3,600 tonnes) of black gram were transacted.
The new pigeon pea is cultivated in May and flows into the market at the end of the year. The pigeon pea is a weather-resilient crop compared to other crops. Approximately 300,000 tonnes of pigeon pea yield is expected in India, India’s market observers forecast.
The consumption of pigeon peas is quite low in Myanmar so the majority of them are shipped to foreign markets. The growers are likely to receive high prices at harvest time on account of India’s growing consumption.
Myanmar has a competitive market against African countries such as Mozambique for pigeon pea exports to India. — TWA/EM

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