Pigeon pea price falls below K4 mln/tonne after one month

The pigeon pea price decreased to below K4 million per tonne in the Yangon market on weak demand after the price stayed unchanged for over one month, according to the Bayintnaung Commodity Wholesale Centre.
The pigeon pea has remained unchanged at K4.075 million per tonne since the end-September and then, the price started to decline to K3.9 million per tonne on 4 November.
The sluggish market caused the price to decrease.
Myanmar primarily exports black gram, green gram and pigeon peas to foreign markets. Of them, black gram and pigeon peas are mostly conveyed to India while green grams are shipped to China and Europe.
India has growing demand and consumption requirements for black gram and pigeon peas. According to a Memorandum of Understanding between Myanmar and India signed on 18 June 2021, 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.
Myanmar shipped more than 930,000 tonnes of various pulses, with an estimated value of over $778 million, to foreign countries in the past six and half months during the 2023-2024 financial year beginning 1 April, according to the Ministry of Commerce.
Myanmar’s pulses exports topped over US$1.47 billion from over 1.9 million tonnes in the past FY 2022-2023, the Ministry of Commerce’s statistics indicated. — NN/EM