Myanmar: March pea prices rise this week

Published 2024년 9월 27일

Tridge summary

The article reports a rise in the price of mung beans in Myanmar's domestic market, despite a decline in the foreign currency market. The increase is attributed to low domestic stock levels and relaxed export revenue. On the other hand, red beans are experiencing stable prices in Yangon but a decline in Mandalay due to limited availability. Green beans are also stable in Yangon but showing a decrease in Mandalay. Meanwhile, peanut prices are falling due to the influx of new crops and lower purchases by oil mills. Corn prices in Mandalay are also reported, ranging from 80,000 to 85,000 kyats per 54-pound bag.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

---------The price of mung bean, which fell last week, has risen again this week. Although the foreign currency market has fallen, the FOB price has risen, and the domestic mung bean stock is low. Buying Yangon Low entry of mungbeans to commodity depots, It is reported that the price of mung bean has increased again due to the relaxation of export revenue. In the Yangon Burinnaung market, mung bean (FAQ) was 40 lakhs per ton on Monday, and 3973,000 per ton of mung bean (FAQ) on Tuesday. 3967000 on Wednesday; On Thursday, it was 399,000,000 kyats and on Friday, it was 3,977,000 kyats. Compared to the previous week, it increased by 26,000 kyats per ton. In the Mandalay market, a 60-pound bag of mungbeans was 37,000,000 to 385,000 kyats, up 5,000 kyats from the previous week. Peas are exported abroad and the FOB price is not falling, but the price of foreign currency is falling. Due to the cold trading conditions, the price has come down again. It is said that the balance of beans is ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.