India: March bean market and prospects

Published Mar 17, 2023

Tridge summary

The prices of mungbean and red beans in Myanmar have significantly increased, with mungbean reaching over 20,000 per ton and red beans nearly 22,800,000 per ton. This surge in pricing is attributed to local price hikes by large traders and the unavailability of red beans in the market. The rise in prices is also influenced by India's predicted decrease in bean yield. Despite these increases, farmers struggle to sustain their bean supplies. Only green beans experience minor price fluctuations.

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

Original content

The prices of mungbean and red bean are continuously rising, and at the end of this week's market today, March 17, the price of mungbean has risen to more than 20,000 per ton. The price of red kidney beans is close to 22,800,000 per ton, and the price of green beans fluctuates slightly. Why are the prices of these beans fluctuating? Regarding the prospects, here are the reviews of the Agricultural and Market Information Association (AMIA). It is reported that the price is rising due to price hikes by local bigwigs. Bean traders from some areas said that they will be delivering pre-sold beans, and they have bought them for between 50,000 and 55,000 per basket. If beans are not delivered by the specified time, they will have to match the current price, so the price is being pushed up. Mon village market Aung Lam Market Mawlamyine Market In the local market, all prices have gone up. In the same situation last year in 2022, the price of mung bean was only more than 1400,000 kyats per ...

Source: Greenwaymyanmar