Why did the price of mung bean go down and the price of red bean go up in Myanmar

Dried Mung Bean

Dried Adzuki Bean

Myanmar [Burma]

Published Jan 7, 2023

Tridge summary

During this week, the prices of mungbeans have fallen sharply, while the prices of red beans have risen. The price fluctuations of both are related to India. According to the Agriculture and Market Information Association (AMIA), the price of mung bean in the Yangon market is 16,400,000 kyats per ton, compared to last week, the price has decreased by more than 4,000 kyats per ton. Aung Lam Market Mawlamyine Market In the local market, the price of mung bean is between 52,500 to 53,500 per basket, and the price has dropped by about 3,500 per basket. As for the red bean, the price is increasing because there is no stock in the market, and the price of newly released beans is increasing, according to AMIA. Due to the news that the yield of red bean in India will decrease, the price will continue to rise in the long term.

Original content

During this week, the prices of mungbeans have fallen sharply, while the prices of red beans have risen. The price fluctuations of both are related to India. According to the Agriculture and Market Information Association (AMIA), the price of mung bean in the Yangon market is 16,400,000 kyats per ton, compared to last week, the price has decreased by more than 4,000 kyats per ton. Aung Lam Market Mawlamyine Market In the local market, the price of mung bean is between 52,500 to 53,500 per basket, and the price has dropped to about 3,500 per basket. As for the red bean, the price is increasing because there is no inventory in the market, and the price of newly produced beans is increasing, according to AMIA. Due to the news that India's red bean production will decrease, the price will continue to rise in the long term, and due to traders' predictions, the price is increasing rapidly. In the Yangon market, the price of red bean is almost 1777,000 per ton, and the price has ...

Source: Greenwaymyanmar