Bean prices drop again in Mon State

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Mawlamyine, March (28)

With the increasing supply of beans in the bean market of Mon State, some difficulties in exporting beans caused the price of beans to decrease slightly, the bean traders told Than Lwin Times.

In the first week of March, the price of green gram (Shwe Wah) dropped from around 71,000 kyats per basket (20 viss) to 66,000 kyats, green gram from 49,000 kyats to 47,000 kyats, and soybeans from 60,000 kyats to 57,000 kyats respectively.

A grower said that the drop in bean prices is due to the high supply of beans by bean farmers and the lack of space and money to store beans.

In addition, the price dropped slightly because the beans could not be shipped on time due to the difficulty in the documentation process to export in April holidays.

A bean merchant claimed, “while black gram is in high demand from India fetching decent prices while green gram and soybean demand is low and prices have somewhat dropped. Now, black gram fetches a good price of 3,300 Kyats per viss compared to 2,300 Kyats last year.

The price of beans is currently slightly lower due to the bean season, but if the demand from abroad persists after Thingyan, the bean suppliers believe that prices will remain favorable.

However, most bean growers say that they are not making any profit after the military coup due to the high cost of agricultural inputs such as fertilizers, pesticides, and general expenses.

India and China are the largest buyers of the beans grown in Mon State, but many different varieties of beans are also imported by Thailand, Singapore, Nepal, and Pakistan.

Black gram, green beans, soybeans, and green gram (Shwe Wah) are the principal crops grown in Mon State, yielding about 20,000 tons of pulses annually.

News-Than Lwin Times

Photo-CJ

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