Myanmar: Some traders believe that the price of garlic may rise again

Published 2024년 6월 28일

Tridge summary

The article reports a decrease in the price of mung beans and onions in the Indian and Yangon markets, with fluctuations due to factors such as Indian domestic production and Chinese border blockade. The Indian government has set the basic price for rainfed beans at 7,400 rupees per 100 kg, reflecting a decrease from last year. Meanwhile, green beans are stable with slight fluctuations, and are exported to countries including China, China, England, and the Netherlands. The local market price for green beans in Yangon has increased, while the price for onions is fluctuating due to poor quality caused by the rainy season. Garlic prices are stable but potential road conditions may lead to less market entry and a price increase.

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

Original content

Compared to last week, the price is still falling. exchange rate during the week; There are fluctuations depending on the condition of Indian purchase and domestic production and sale of mung beans, so there is no decrease much. In India, the market is cool because the spring mung beans are entering the market. In addition, the Indian government has set the basic price of rainfed beans at 7,400 rupees per 100 kg. 450 rupees from last year. Traders also consider that the current situation will not be able to reduce the price much. Last week, in the Yangon market on Friday, March Pea (FAQ/RC) was 3423000 per ton. On Monday, 3,362,000 kyat per ton. On Tuesday, 3317,000 kyats. On Wednesday, the price was 3,353,000 kyats per ton, and on Thursday, the price was 3,392,000 kyats per ton. Compared to last week and Friday, the price decreased by more than 30,000 kyats per ton. Raw mung beans are priced at 5,525 to 55,560 kyats per pound, down by 60 kyats per pound. The FOB price of mung ...

Source: Greenwaymyanmar