January 31, 2022
Myanmar generated US$174 million income from exports of over 210,000 tonnes of black gram (urad called in India) as of 21 January in the current mini-budget period, which accounts for over 50 per cent of overall export value of beans and pulses, the Ministry of Commerce’s statistics indicated.
As the newly harvested black gram is constantly flowing into the market, the price will not significantly rise regardless of the steady demand by India.
The price of black gram hit an-all time high of K2 million per tonne on 29 September tracking the Kyat devaluation (K3,000) on US dollar. At present the exchange rate of a US dollar is pegged at around K2,000 and the prices of black gram dropped to below K1.33 million accordingly, as per the data of Yangon Region Chambers of Commerce and Industry (Bayintnaung Wholesale Centre).
Myanmar can export 250,000 tonnes of black gram (urad) and 100,000 tonnes of pigeon pea under the G to G pact during April-March period. So far, the export volume has surpassed the set quota. Additionally, India extended relaxations of conditions regarding clearance consignment until 31 March 2022.
Myanmar is the top producing country of black gram that India demands, with a yearly production of approximately 400,000 tonnes.
Myanmar conveyed US$359 million worth of over 444,733 tonnes of various beans and pulses to foreign trade partners over the half of the mini-budget period. The country shipped $334 million valued 416,210 tonnes of pulses and beans to foreign markets through sea route, and $25.7 million valued 28,523 tonnes were sent to the neighbouring countries through land border.—KK/GNLM