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India: March bean market and prospects

Dried Mung Bean
Published Mar 18, 2023

Tridge summary

The prices of mungbean and red bean are continuously rising, and at the end of this week's market, on March 17th, 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. Beans sold in advance will be delivered, and some bean traders in the area said that they have bought between 50,000 and 55,000 per basket. If the beans are not delivered at the specified time, they will have to pay the current price, so the price is being pushed up.

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 ...
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