Myanmar earned nearly US$930 million from exporting about 1.5 million tons of various beans and pulses in 11 months of this fiscal year exceeding over US$300 million compared to the same period of last year, said an official from the ministry of commerce.
"We earned US$929.294 million from exporting 1.482 million tons of beans and pulses from October 1 to August 30 in the current 2018-2019 financial year," said a ministry official.
In the same period of the previous fiscal year, 1.136 million tons worth US$625.572 million.
This year, 345,963 tons more were exported, so US$303.722 million more were earned.
Myanmar mainly exports green gram, mung bean and pigeon pea. India mainly purchases mung bean and pigeon pea while green gram is usually purchased by China and some European countries.
One ton of mung bean is priced at around K754,000 in local market. Mung bean price is fluctuating in local market, according to bean merchants from Bayintnaung Wholesale Centre in Yangon.
According to data from the wholesale centre, mung bean prices on August 30 this year were K752,500 per ton FAQ and K897,500 per ton SQ. On September 2, prices were K753,000 per ton FAQ and K898,000 per ton SQ.
On September 11, mung bean prices were K754,000 per ton FAQ and K889,000 per ton SQ.
"Myanmar exported 561,766 tons of beans and pulses worth US$672.288 million in 2016-2107 fiscal year, 527,965 tons worth US$344.043 million in 2017-2018 FY and 523,177 tons worth US$273.912 million in 2018-2019 FY (till August 16). An average price of one ton is about K758,332. This is a health price for local growers," said Deputy Minister Aung Htoo.
