Myanmar aims to export 1.4m tonnes of beans and pulses this year – report

Myanmar hopes to increase its exports of beans and pulses to 1.4 million tonnes this year, after two years of falling production, and is targeting new markets in the Middle East and United States beyond India, a newspaper reported.

Each year the country exports more than 1 million tonnes of beans and pulses valued at around $1 billion, Myanmar Times quoted U Tun Lwin, chair of Myanmar Pulses, Beans and Sesame Seeds Merchants Association, as saying

The crops are becoming increasingly popular with farmers, as they fetch higher prices than paddy while production costs are lower. Most beans and pulses are harvested during January and March and are, therefore, not at risk of being destroyed by floods during the rainy season.

In 2015-16 Myanmar exported 1.1 million tonnes of beans and pulses, as the price of matpe bean in India reached a decade-high of $1800 per tonne, the newspaper said.

India, which is Myanmar’s largest export market for beans and pulses, is now paying around $1,500 per tonne of mapte, but prices may rise again depending on supply, said U Tun Lwin.

Myanmar started exporting the commodities to the European Union two years ago and plans to add new markets in the US and the Middle East.

 

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