Myanmar: Analysis of the pulses market within a week, including the garlic market, where the price fell by around 1,200 kyats per 1 pound at the Buyinnaung market

Published 2024년 4월 6일

Tridge summary

The article discusses the recent trends in commodity prices as of March, focusing on significant increases in the prices of beans, mung bean, and chickpeas in India and Myanmar. These changes are attributed to factors such as high domestic gold prices, exchange rates, and holiday demand. Notably, the price of Myanmar mung bean has risen in the Chennai and Yangon markets, alongside price hikes in various types of chickpeas and mung beans per ton and per pound. The article also covers the fluctuating prices of onions and garlic, which saw a decrease after a temporary rise due to festival demand. Additionally, it highlights the active trade in Yangon's Buyinnaung market, indicating a vibrant market activity.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As for March, the prices have risen again this week and have returned to the market to more than 30,000,000. Some traders said that as the weekend approaches, the prices will rise again due to more purchases. In addition, the high domestic gold price and the high exchange rate have also caused the price of beans to rise. The current increase in the price of beans may be due to the holiday or other reasons, so it is difficult to predict the long-term increase. Currently, with the rise in the price of domestic mung bean, the price of mung bean has risen in India, and the price of Myanmar mung bean has reached 9575 rupees per ton in the Chennai market, and it has increased by 175 rupees per ton in the Yangon market. March (FAQ/RC ) is priced at 3112,000 per ton, which has increased by about 150,000 per ton compared to last week and Friday. (SQ/RC) is priced at 3,372,000 per ton, and the price has increased by 193,000 kyats per ton. The price of raw mungbean is 5030 to 5070 per pound, ...

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