April 25,2022
THE prices of chickpea are surging on the back of strong domestic consumption and low supply, Mandalay traders stated.
The prevailing prices of chickpea touched a high of K134,000 per three-basket bag during the post-Thingyan period. The price is up by K3,000 per bag compared to pre-Thingyan period.
The figures tremendously rose from K80,000 per bag recorded last year, the market’s data indicated. The majority of Myanmar people prefer chickpea for its nutrients and rich taste. The number of acreages dropped amid the political changes. Consequently, the yield plummeted. The chick peas are cultivated in Yangon, Mandalay, Bago, Sagaing and Ayeyawady regions and Nay Pyi Taw. There are 890,000 acres of chick peas across the country. The peas are cultivated in October and November and they are harvested in January-April period. Myanmar normally ships chickpeas to India, Pakistan, UAE, Turkey and other foreign markets.
More than 1.09 million tonnes of various pulses and beans were exported to foreign markets between 1 October 2021 and 31 March 2022 of the past minibudget period, with estimated value of US$830.625 million. Of them, the chickpea exports accounted for 6,132 tonnes, generating an income of over $3.9 million, the Commerce Ministry’s data indicated.—KK/GNLM
