Myanmar: Analysis of bean market including onion (12-16.2.2024)

Myanmar [Burma]

Market & Price Trends

Published Feb 17, 2024

Tridge summary

The market analysis from February 12th to 16th reveals a decline in the prices of mung beans, red kidney beans, green beans, and peanuts, while onion and garlic prices have increased. This fluctuation in the bean market is attributed to the central bank's controls on export earnings. Despite the price drop, red beans are in high demand in India. Green beans' price is stable in Yangon but has decreased in Mandalay due to reduced demand from China. The cowpea trade in Mandalay is sluggish due to unstable bean prices.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

This is a market analysis of the prices traded in the market from February 12th to February 16th. This week, the prices of mung beans and red kidney beans continued to fall, and green beans, The price of peanuts is also low. Onion and garlic prices have risen again. As the central bank re-introduced some controls on export earnings, the bean market was shaken and bean prices showed a shadow. As for mung bean, the prices fell again this week and from below 30 lakh per ton, it rose again to more than 30 lakh per ton in a week, but compared to last week, the price has decreased. As new mung beans are also entering the market from various regions, the market has cooled down. There is a movement and traders predict that it will not be able to decrease much. This week in Yangon's Burinnaung market, a ton of March Pea FAQ 31,23,000 kyats, compared to last week, the price of one ton has decreased by 177,000 kyats. This week, in the Mandalay market, the price of a 60-pound bag of mung ...

Source: Greenwaymyanmar