Pulses and oil seeds with great export potentials were highly traded at the end of the year 2022, said Mandalay traders. The traders of black gram, pigeon pea, green gram and oil seeds were doing a roaring trade before the New Year. The prices surged to K165,000 per three-basket bag of black gram, K170,000 for pigeon pea and over K7,000 per viss of peanut at the end of the year.
In the corresponding period of 2022, the prices touched a low of K125,000 per bag of black gram, K120,000 for pigeon pea and K3,200 per viss of peanut, said U Soe Win Myint, an owner of Soe Win Myint brokerage in Mandalay city. “The prices of black gram and pigeon pea increased higher than that of the year-ago period. Green gram and peanut which are exported to China also fetched a good price. The favourable weather condition this year supported the crop yield. The prices grew by 30 per cent compared to a similar period in the previous year (2021).
At present, black gram, green gram, sesame seeds, peanut, kidney bean, rice bean, butter bean, and black-eyed beans are being harvested. The pulses and seeds importing countries also raised the purchase order. Therefore, the agricultural products will contribute to the Gross Domestic Product growth in the coming year,” he elaborated. The pulses and oil seeds are abundantly flowing into the bustling Mandalay markets. They are commonly grown in Mandalay, Sagaing and Magway regions throughout the year. However, they are cultivated as winter crops in Yangon, Bago and Ayeyawady regions.
Source: The Global New Light of Myanmar