Pigeon pea price jumps to approximately K4 mln per tonne

Strong demand pushed the pigeon pea price up to K3.95 million per tonne in the domestic market.
The pigeon pea price stood at only K3.695 million per tonne on 1 March. The figures showed a rise of K256,000 per tonne in the past seven days.
The pigeon pea price hit a record high of K4.197 million per tonne on 5 February 2024.
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 yearly quota.
Black grams, which India primarily purchases, are commonly found only in Myanmar, whereas pigeon peas, green grams and chickpeas are grown in African countries and Australia, Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association.
Myanmar exported more than 1.4 million tonnes of various pulses, with an estimated value of over $1.2 billion, to foreign countries in the past 11 months of the current 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