News

Exports increase, Myanmar red beans usher in spring

Dried Adzuki Bean
Myanmar [Burma]
Published Aug 17, 2023

Tridge summary

The price of red beans produced in Ayeyarwady, Myanmar continues to rise as businessmen from neighboring countries buy in large quantities, leading to a scarcity of goods. A Japanese company that distributed red bean seeds is buying red beans at a high price, causing a decrease in the number of red beans entering the Mandalay Farmer's Market. Myanmar exported over 2 million tons of beans and earned $1.5 billion in the 2020-2021 fiscal year.
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Original content

According to media reports in Burmese, the price of red beans produced in Ayeyarwady, Myanmar, at the Mandalay Farmer’s Market continues to rise as businessmen from neighboring countries buy in large quantities. The news shows that red beans are mainly planted in Xingshida Town, Ayeyarwady Province district, and then exported to Mandalay Farmer’s Market. the A bean merchant said that there are 56.25 bags of red beans entering the market, and the price of one basket is more than 100,000 kyats. Because of the scarcity of goods, the price of a bag of three baskets has exceeded 300,000 kyats. At present, Mann The opening price of a bag of red beans at the Dele farmers market exceeded 300,000 kyats. the It is reported that a Japanese company that distributed red bean seeds to growers is buying red beans at a high price. Therefore, some red beans are sold to Yangon Poin Lang Farmer’s Station, and the number of red beans entering the Mandalay Farmer’s Market has decreased a lot. ...
Source: Foodmate
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