Myanmar: Weekly market changes of various pulses including currencies

Published 2024년 7월 12일

Tridge summary

The article reports on the fluctuation of bean and chickpea prices in both India and Yangon, Myanmar's markets. In India, the scarcity of green beans has led to a slight price increase, but the market is cold due to limited storage and high demand for red beans. Meanwhile, in Yangon, red beans are experiencing a slight price increase due to domestic inflation, while mung beans and red kidney beans are seeing a decrease in price. Chickpeas have been at a low price for two months, with the market not open in Yangon and prices dropping. Additionally, the article discusses the potential impact of the closure of duty-free maize importation to Thailand on the increasing maize prices in Yangon.

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

Original content

Compared to last week, the price of green beans also increased, but only slightly. High exchange rate in the market, According to some traders, due to the scarcity of beans, there is no trade and the price is cold. In India, because the storage of beans is limited, they have to quickly sell them in the market, so the price of beans has cooled down a bit. However, since the demand for red bean is increasing, the price has not decreased much through the Indian market prices. In the Chennai market of India, one ton of red bean is 11,250 rupees, compared to last week, the price has increased by 100 rupees. In Yangon market last week, one ton of red bean was 4,447,000 kyats. 4,482,000 per ton on Monday; On Tuesday, 4,469,000 per ton; On Wednesday, the price was 4,477,000 kyats per ton, and on Thursday, the price was 4,457,000 kyats per ton, and compared to last week's Friday, the price increased by 10,000 kyats per ton. The FOB price was $1,290 to $1,300 per ton, and the price ...

Source: Greenwaymyanmar