Myanmar: Crops whose prices have changed in a week

Published Jul 26, 2024

Tridge summary

The article highlights the fluctuating prices of agricultural commodities across various markets. Red beans have dropped in price due to increased acreage in India and price reduction measures, with minimal transactions occurring. In Yangon, red pea prices have decreased while green beans remain stable. Conversely, in Mandalay, green bean prices are rising due to currency exchange rates. Sesame seed prices are climbing due to limited market entry and foreign demand, with notable increases in black and brown sesame prices. Onion prices, which had been declining, are now rising again due to reduced market supply and higher transportation costs.

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

Original content

Red beans are at a low price within a week. Some traders said that there are almost no transactions in the market. He said that because he is monitoring and trading the current rising currency prices, he only buys beans that must be exported. In India, the acreage of red beans will increase a lot, and due to measures taken to reduce prices, prices are continuously falling. In addition, there will be arrivals from foreign countries in Africa, according to Indian news reports that there is no possibility of red pea going up under the current situation. In the Chennai market of India, the price of red pea is 10,875 rupees per ton, compared to last week, the price has decreased by 75 rupees. In the Yangon market last week, red pea sold at 4,460,000 kyats per ton. On Monday, 4,442,000 per ton, On Tuesday, 4,425,000 per ton; On Wednesday, the price was 4,390,000 kyat per ton, and on Thursday, the price was 4,405,000 per ton. Compared to last week, the price decreased by 55,000 kyat per ...

Source: Greenwaymyanmar