Exchange rate market and export pulses market situation in Myanmar

Published 2022년 9월 24일

Tridge summary

The article highlights changes in the market prices of various beans due to fluctuations in foreign exchange rates and the impact of irregular weather in India. It notes a decrease in exported soybean prices and a volatility in mung bean prices, with predictions of a future increase due to expected yield issues in India. Red and green beans' prices remain stable or show a slight decrease, attributed to the decrease in financial market stability and reduced transaction activity. Additionally, the article briefly introduces Anxi compound fertilizer by Natural Cure Co., Ltd, offering its ratios and contact information, presenting it as a solution for farmers who usually feed fruit trees with manure.

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

Original content

According to the foreign exchange market situation, the prices of exported soybeans fell again in the last week as the exchange rates fell again. What effect does this position have? Here's a look at the future. The price of mung beans rose again to more than 20 hundred thousand per ton, and this week the price dropped back to less than 20 hundred thousand. Traders said that due to the drop in the exchange rate, the price of beans also dropped, and because the price of money was not stable, the transaction was cold and the price dropped. Due to the irregular weather conditions in India, plantations are damaged, soybean yields will decrease and mung bean prices will rise, traders are predicting that domestic mung bean prices will rise due to the situation mentioned in an Indian news report. As for red beans, there is no significant price drop. It is reported that the currency exchange rate has decreased, but it is because the balance is low. But it is reported that the transaction ...

Source: Greenwaymyanmar