Pulses market review during the week (9 - 13.10.2023) in Myanmar

During this week, the price of most beans remained stable. The price of March bean rose to a record high within a week. Although new mungbeans have been produced in India, due to pre-festival buying, the price of mungbeans in addition to local mungbeans in Burma has increased. The mungbeans produced in India are of poor quality and the yield is lower, so according to Indian news reports, mungbeans in Burma can continue to have good prices in the long term. In the Yangon market, mungbeans (FAQ/RC) are priced at 1640,000 per ton, compared to last week at 133,000 per ton. The kyat price has risen In the Mandalay market, the price of one bag is 250,000 to 255,000, and the price of one bag has increased to 12,000 kyats. In the local markets, the price of mung beans is between 85,000 and 86,000 per bag. The price of red beans has not increased in the local market, but the FOB price has increased. Some traders said that the remaining products are being exported and there is no domestic ...