Newly harvested pigeon peas fetch K90,000 per basket in Magway

The freshly harvested pigeon pea is offered at K90,000 per basket in the Magway Region with an advance purchase deal.
The pigeon pea was cultivated in mid-2023 and is expected to enter the market in December. The markets of regions outside Yangon see advanced purchase offers these days.
The Yangon market experienced a sudden price drop to K3.1 million per tonne on 1 December from K3.25 million per tonne on 29 November.
Pigeon pea price hit a record high of K4.15 million per tonne on 8 September. Nearly three months later, the price is down by K1.05 million per tonne. Similarly, the FOB prices dipped to US$1,150-1,170 per tonne in December up from $1,350-1,370 on 4 November. Pigeon pea is a weather-resilient crop compared to black gram. It is a lucrative crop with a high yield. It is harvested after seven to eight months of cultivation. It is commonly grown in the tropical area.
New pigeon peas from the Kyaukpadaung area will soon flood the Mandalay market, U Ye Moe, a commodity depot owner from Mandalay, told the GNLM. Old pigeon pea is barely traded in the Mandalay market at present. The local consumption of pigeon peas is meagre and designated for export markets, primarily India.
India imports pigeon peas (tur) from African countries and Myanmar. — TWA/KK