Myanmar's mung bean prices climb to highs

Myanmar media reported that bean merchants in Bago Province recently revealed that in January 2024, the price of mung beans had climbed to a high level again, and there are currently no signs of decline. ​ A bean merchant in Bago Province explained in detail that the price of 20 tons of mung beans was previously about 60,000 kyats, but since January 2024, the price has risen to 72,000 kyats, marking the return of mung bean prices to highs. Bean merchants believe that the main reason for the price increase is the reduction of mung bean stocks, and high-quality mung beans are also one of the factors pushing up prices. ​ Myanmar mung beans must meet specific quality standards when exported. Another bean merchant pointed out that according to the current market conditions, the price of mung beans does not seem to have a downward trend, but may continue to rise. This is because export demand continues to be strong, and The quantity to sign an agreement has not yet been reached, ...