Pigeon peas price surges with India lifting import restriction

Source : The Global New Light of Myanmar
View Count : 265
May 13, 2018

FOLLOWING the demand for 200,000 tonnes of pigeon peas from India on 11 May, the price of pigeon peas (red grams) surged from Ks385,000 to Ks481,000 on 12 May, up by Ks96,000 per tonne.
        Yangon market had not fixed the pigeon peas price on 5, 8 and 9 May. Pigeon peas (red grams) RC fetched Ks375,500 on 7 May and Ks377,000 on 10 May.
        On 11 May, some 15 containers of pigeon peas RC were traded, while 25 containers were traded on 12 May.
        Similarly, following the news that India lifted restrictions on pulses importation, the mung bean price increased from Ks382,000 on 4 May to Ks454,000 per tonne on 5 May in the Yangon market, with 135 containers traded on this day.
        India lifted its ban on importation and allowed an import quota of 150,000 tonnes of mung beans and green gram each and 200,0000 tonnes of pigeon peas.
        The quota is applicable not only for Myanmar but also for all the bean exporting countries. Therefore, Myanmar is facing a competitive market to export pulses to India.
        India is the main buyer of Myanmar’s pigeon peas, mung beans and green gram. Mung beans and green gram are exported to other countries. However, the export of pigeon peas is heavily reliant on India’s market.
        With pigeon peas and fresh peas piling up in the market, growers must choose other cash crops , market observers have suggested.
        India’s purchase of Myanmar’s mung beans, pigeon peas and green gram came to a halt in May 2017, leading to chaos in Myanmar’s pulses market. The market has now recovered with India lifting the restriction on pulses importation.



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