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Price fluctuation in black gram persists

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The prices of black grams remain high although the price changes are unstable.

The prices of black grams remain high although the price changes are unstable, according to the Myanmar beans and pulses market. Last August, black gram prices spiked at K2.1 million per tonne in the local beans market. Although the black gram prices rotate around K2 million per tonne starting from the first week of September, the price stands at K2,010,000 per tonne at present.
Price fluctuation in the local black gram market is based on the daily currency exchange rate. The export, supply and demand of black gram are steady currently as stated by the Ayeya Trade Centre of the Myanmar Trade Promotion Organization.
In addition, much rain hampered the yield of black grams this season in India, the main purchaser from Myanmar. New black grams are entering the market on daily basis. The black gram price is on the downside in the Indian market.
Being a country with a great requirement for beans, India will continue buying Myanmar’s black grams and pigeon peas (red gram). The prices depend on the current foreign currency exchange rates in addition to the policies of foreign purchaser countries. Therefore, the price of black grams may rise again if foreign currency exchange rates surge, stated the Ayeya Trade Centre.
India confirmed to buy 0.25 million tonnes of black grams and 0.1 million tonnes of pigeon peas annually from the 2021-2022FY to the 2025-2026FY as per the MOU with Myanmar. Price fluctuation will be monitored since it can change according to India’s demand, increases in fuel prices and foreign currency exchange rates.
In September 2021, bean prices soared due to the forex record high at K3,000 per dollar. Black gram price also recorded K2 million per tonne in the local market. So, the current price hit the record high year on year.
Myanmar imported 556,020.728 tonnes of beans and pulses worth US$448.380 million via the maritime route and 142,173.547 tonnes worth $96.213 million via land borders, totalling 698,194.275 tonnes worth $544.593 million at present.
Myanmar also imported 1,242,775.231 tonnes of beans and pulses worth $966.407 million via sea route and 786,920.651 tonnes worth $604.3 million through border trade posts in the previous year, totalling 2,029,695.882 tonnes worth $1570.707 million.
Myanmar produce around 0.4 million tonnes of black grams and 0.05 million tonnes of pigeon peas (red gram) annually.
Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association (MPBMSMA) stated that the black gram imported to India was mainly cultivated in Myanmar and others such as pigeon peas (red gram), mung bean and peas were also grown in Africa and Australia.— NN/GNLM

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