Myanmar: Pulses prices continue to rise, rising by about 120,000 kyat per tonne after April 4

Published 2022년 4월 19일

Tridge summary

Red bean and pulse prices in Myanmar's markets have experienced significant increases after the Thingyan holiday. Red bean (FAQ / RC) prices have surged from 981,000 kyats to 1490,000 kyats per tonne, and pulses (SQ / RC) prices have risen from 1681,000 kyats to 1690,000 kyats per tonne. This price hike is due to a rebound in pulses prices driven by a decrease in domestic production, and a change in the central bank's foreign exchange policy that affected bean exporters.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the opening price after Thingyan, the prices of red bean, which were higher than before Thingyan, are still rising today. In the Yangon Bayintnaung market, the price of red bean (FAQ / RC) increased from 981,000 kyats yesterday to 9,000 kyats today to 1490,000 kyats. The price, which last opened before Thingyan on April 8, has risen to 10,000 kyat per tonne. Pulses (SQ / RC) also increased by 9,000 kyats per ton. From 1681,000 kyats yesterday, it is now 1690,000 kyats per ton. The price of pulses in Aung Lan Market was 45,000 kyats before the Thingyan festival, but increased to 46,500 kyats per basket yesterday (April 18) after the Thingyan holiday. Red bean (AC) prices continued to fall from 1422,500 kyats per ton yesterday to 1420,000 kyats per ton today. On April 3, the central bank changed its policy on foreign exchange, which hit bean exporters, and on April 4, the price of red bean fell to nearly 100,000 per tonne. Later, the price continued to rise, and now it is about ...

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