Lima bean price drops due to immense supply into Pakokku market

The lima bean price is declining as about 40,000 visses from Yesagyo Township are entering the Pakokku market in the Magway region daily, said U Bo Gyi Naing, the Nilar brokerage owner.
“The lima bean plants are grown in the villages at the confluence of Ayeyawady River and Chindwin River and the villages beside the riverbank in Yesagyo township. The lima beans need to be cultivated in time. The soil near the river could be successful for the cultivation of any kind of bean species,” said U Pho Kyaw, a bean grower from Balaba village in Yesagyo township.
The lima beans are grown chiefly in many villages such as Balaba, Kwat Daung, Zayama, Kyaw Htin Gone and Kyu villages. The harvested lima beans are sold at Pakokku brokerage for K14,000 per basket.  But, the price of the lima bean has dropped this year compared to that of last year. The lima bean is less consumed in the country and is mainly exported to India, China and European countries.
Last year, the lima bean was priced at K15,000 per basket. One basket of lima bean contains 19 visses.  According to the lima bean growers, the lima bean price dropped by K1,000 per basket this year compared to that of last year. — Ko Htein (KPD)/GNLM