Rice bean fetching handsome price in Monywa on China’s demand

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The bean is shipped to China through Yangon. The Monywa market sees a daily inflow of approximately 400 bags.

China’s demand drove the rice bean price up and it is abundantly flowing into the Monywa commodity depot.
“This year, rice beans are fetching handsome price of K50,000-51,000 per basket. They are mainly supplied from Kalay and Homalin areas to the Monywa market. It is a lack of local consumption. The bean is shipped to China through Yangon. The Monywa market sees a daily inflow of approximately 400 bags. The various beans are highly traded in the market,” said U Tin Ko Ko, in charge of the information and public relation of the Monywa commodity depot.
About 2,000-3,000 bags of various beans, including pigeon peas, chickpeas, butter beans are entering the Monywa market.
“The regions above the Chindwin River such as Mawlaik, Kalay, Ayadaw, Yinmabin and Pale are supplying the beans to the Monywa market. The prices are on the rise. The prices of pigeon peas and black grams also slightly rise by K1,500-K2,000 per basket for now,” U Tin Ko Ko stated.
The Monywa market sees brisk trading with the buyers from Yangon, Mandalay and other regions. The black gram and pigeon peas are aimed at India’s market, whereas the warehouse owners fill the inventory with chickpeas. Kidney beans are demanded in the Chinese market. — Lu Lay/GNLM

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