Crop price change analysis in Myanmar

Published 2024년 9월 6일

Tridge summary

The article reports a decrease in the price of red peas in the Indian market, which had reached a record high of over 52 lakhs per ton, due to a lack of trading and high prices. The market is experiencing instability with limited sales, anticipating an increase in this year's pea yield and the arrival of African beans, which may further decrease the price. Additionally, the article covers the market trends for green beans, corn, and peanuts in Yangon and Mandalay markets, noting a decrease in prices for red peas, green beans, white peanuts, and garlic due to high prices leading to reduced demand and the arrival of new crops.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Red peas have fluctuated during the week and the price has decreased compared to last week. The price rose to a record high of over 52 lakhs per ton, but then fell back. According to some traders, there is not much trading because there is export, but there is not much sales because they are watching the high price. According to the reports of the Indian market, the market in India is not stable and the trading is cold and the price is stiff. It has been announced that this year's pea yield may increase, and it is estimated that if African beans arrive soon, the current bean price may decrease. In the Yangon market last week, a ton of red pea was 5225,000 kyats. 520,000,000 kyat per ton on Monday. 5,237,000 per ton on Tuesday; 5,200,000 per ton on Wednesday; 5100,000 per ton on Thursday. The market price has decreased by 125,000 kyat compared to last week. The domestic FOB price is 1140-1150 dollars per ton, and the price has increased by 65 dollars per ton. As the currency ...

Source: Greenwaymyanmar