Myanmar bags over $1.4 bln from pulses exports in past FY2022-2023

Myanmar brought in over US$1.4 billion from over 1.9 million tonnes of various pulses exports in the past financial year 2022-2023, the Ministry of Commerce’s statistics indicated.
The country shipped over 1,640,777.167 tonnes of pulses and beans valued at $1.26 billion to foreign markets by sea, and over 278,378.933 tonnes valued at $208.788 million were sent to the neighbouring countries through land borders, totalling 1,919,156.1 tonnes worth $1.47 billion last FY.
Myanmar exported over 2 million tonnes of various pulses worth US$1.57 billion to foreign trade partners in FY2020-2021. The country shipped 1.24 million tonnes of pulses and beans worth $966.4 million to foreign markets through the sea route, and 786,920 tonnes worth $604.3 million were sent to the neighbouring countries through land borders.
Myanmar primarily exports black gram, green gram and pigeon peas to foreign markets. Of them, black gram and pigeon peas are mostly sent to India while green grams are shipped to China and Europe.
India has growing demand and consumption requirements for black grams and pigeon peas. According to a Memorandum of Understanding between Myanmar and India signed on 18 June 2022, India will import 250,000 tonnes of black gram and 100,000 tonnes of pigeon peas (tur) from Myanmar for five consecutive years from 2021-2022 financial year to 2025-2026 FY. This G-to-G pact will not affect the pulses’ annual quota set by India. Myanmar’s exporters are also entitled to deliver the pulses to India under that annual quota.
The prevailing price of black gram is K2,055,000 per tonne, while pigeon peas fetch K2,380,000 per tonne and green gram is priced at K2,416,000 per tonne, according to Yangon Region Chambers of Commerce and Industry (Bayintnaung Commodity Centre).
On 18 March, the pigeon pea price hit a record high of K2.4 million per tonne, according to the Yangon Region Chambers of Commerce and Industry (Bayintnaung Commodity Centre).
Myanmar yearly produces approximately 400,000 tonnes of black gram and about 50,000 tonnes of pigeon peas.
Black grams that India primarily purchases are commonly found only in Myanmar, whereas pigeon peas, green gram and chickpeas are grown in African countries and Australia, the Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association stated. — NN/EM