Myanmar: A basket of 20 pounds will drop below 90,000 kyats, tomatoes and cauliflowers that are not in the market, including beans that are not in good condition

Fresh Cauliflower

Vegetables

Dried Common Bean

Published Mar 2, 2024

Tridge summary

The mungbean, red bean, and green bean markets in Myanmar are experiencing a decline in prices due to decreased demand from India and China, and changes in domestic export earnings policy. The currency market is also seeing a decline due to weak trader demand. However, the maize market may see a price increase due to tax-free exports to Thailand. Meanwhile, at the Aung Pae fairgrounds, tomato prices range from 300 to 800 kyats per pound depending on the size and type. The flower market is also experiencing a price drop due to high transportation and labor costs and increased global supply.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

March As the red bean market declines again, currency, The green bean market also fell again. In March, as the buying from the Indian side cooled down, the prices continued to fall during this week. In addition to the cooling off of mungbean purchases from the Indian side, there have been some domestic policy changes on export earnings, so the mungbean price has continued to decrease as merchants are also buying down the price. However, there is still demand for mungbeans from the Indian side, so the Myanmar mungbean market is not expected to drop below 90 kyats for a 20-pound bag. Similarly, in Mandalay, the average quality of mungbean is 26,000,005 kyats for 60 pounds. The price of good quality mung beans is 27,000,000 kyats for 60 pounds, so this week the price of a bag has dropped by 5,000 kyats. The price of 20 pounds of mung beans is only 94,500 kyats according to the township, and a basket has dropped by about 3,000 kyats. In addition to the fact that the purchase of red ...

Source: Greenwaymyanmar