The mung bean prices in Myanmar may not fall for long if there is a regular purchase of pea pods from India
Dried Mung Bean
Myanmar [Burma]
India
Published Jul 16, 2022
Tridge summary
According to a report by the Agricultural Market News Agency (AMIA), mungbean prices have returned to a downward trend. Still, most traders predict that it will not remain at a low price for long due to the needs of India.
Original content
According to a report by the Agricultural Market News Agency (AMIA), the price of mungbean has returned to the downward trend, but most traders predict that it will not remain at a low price for long due to the needs of India. The price of mungbean (FAQ/RC-2022), which rose to more than 1700,000 kyats per ton in the Yangon Burinnaung market, fell by about 170,000 kyats in two weeks, and today it is only 1537,500 kyats per ton. The price of mungbean (SQ/RC), which rose to 1937,500 per ton, is now only 1762,500 today, and the price has fallen to about 175,000 per ton in two weeks. Speculations among merchants, It is said that due to the exchange rate policies, this sudden drop back, and there is a fear that the price will fall more than the current price, and it is also due to sales, so it is necessary to monitor and sell. Myanmar Trade Promotion Organization According to the press release of the Giant Trade Center, the export of mung beans to India is estimated to be about ...
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