Myanmar: The mung bean market rose this week

Published 2024년 5월 17일

Tridge summary

The article reports a rise in bean prices in India due to an increase in the exchange rate and the entry of new beans in the market. There is an expected import of 50,000 tons of mungbeans from Brazil, a significant increase from previous years. Despite a decrease in output, mungbean imports have increased by 19 percent compared to last year. The Indian government plans to export mungbeans to Myanmar, Brazil, and other countries due to high demand and rising prices. Additionally, the article highlights a rise in maize and corn prices in local markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As for March, the price has risen this week. It is reported that bean prices are rising due to the increase in the exchange rate in the market. In the market, the transaction is normal. In India, new beans have entered the market. In the near future, it will be possible to import up to 50,000 tons from Brazil, according to Indian news reports. In recent years, only about 5,000 tons were imported from Brazil, so it is expected to import 10 times more. India's mungbean imports have also increased by 19 percent compared to last year, and the output is reported to be 2.55 million, which is lower than last year. Due to the high demand for mungbean in the market and the rising price, the Indian government has decided to export to Myanmar, Brazil, and other countries. Argentinian countries are also working to import large quantities. In India, the price of Burmese mungbean FAQ per ton this week is 9,025 rupees, an increase of 75 rupees. In the Yangon market, the price of mungbean ...

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