Strong demand from China, EU drives up green gram price to K1.4 mln

Strong demand from China, EU drives up green gram price to K1.4 mln

On account of steady demand from China and European Union markets, the price of Myanmar’s green grams is ranging between K1.1 million and K1.4 million per ton, depending on the quality, according to the Myanmar Pulses, Sesame Seeds and Merchants Association.

The FOB green gram prices were above K1.2 million per ton for FAQ (fair and average quality), and K1.3-1.5 million for the ShweWah variety.

Myanmar primarily exports mung beans, pigeon peas, and green grams to foreign markets. India accounts for 70 per cent of Myanmar’s mung bean exports and 95 per cent of pigeon peas exports. Meanwhile, China accounts for 60 per cent of Myanmar’s green gram exports, according to the Commerce Ministry.

Countries in the European Union also purchase green grams. The export volume of green grams to India is lower compared to other countries, said an official from the Commerce Ministry.

Meanwhile, mung bean prices dropped to around K970,000 per ton from a peak of K1.3 million as the price is lower in India’s market, according to the association. In the first month of the current fiscal year, more than 80,000 tons of various pulses and beans were exported. The volume declined 30,000 tons compared with the corresponding period of last year. Myanmar’s green grams exports were registered at over 330,000 tons in the 2015-2016 fiscal year, over 400,000 tons in the 2016-2017FY, and over 350,000 tons in the 2017-2018FY. Green grams are mostly exported to China through the border trade channels. Of various pulses exports, green gram exports were over 26 per cent in the 2015-2016 FY, over 28 per cent in the 2016-2017 FY, and over 26 per cent in the 2017-2018 FY.

According to green gram plantation data, about 1 million tons of green grams are produced from over 300,000 acres of plantations. They are primarily produced in Sagaing, Magway, Mandalay, Yangon, Bago, and Ayeyawady regions and Mon and Kayin states.
China produces value-added snack and beverages from green grams. The by-products are utilized as feedstuff.

From: Global New Light