Black gram price plunges back under K1.8 million

Although the price of black gram (RC) per tonne has de­clined below K1.8 million in the Yangon market, the price shoot up to K1,808,000 on 2 February and K1,815,000 on 3 February 2023. The price of black gram fell by K43,000 per tonne on 4 February, setting the price per tonne at K1,770,000, according to the daily price statements of the Yangon pulse market.


On 2 January 2022, a tonne of RC black gram was K1,285,000, and the price rose to K2.1 million on 31 August which was the high­est price not only in 2022 but also in seven years from 2016. How­ever, the price dropped below K2 million starting from 20 Septem­ber and under K1.9 million on 29 September.


On 26 January 2023, it re­turned to above K1.7 million and reached over K1.8 million two days later, on 2 February. Nevertheless, the price of black gram slumped back to below K1.8 million on 4 February.


This month, a bulk of pigeon peas and mung bean have been entering the pulse market at a high price, while a few new black gram are entering the market at an unstable price rate. In the Yan­gon pulse market’s statement, there is only a little information about the trading of black gram and some of the trading of pigeon peas.


It is reported that the price per tonne of the black gram FAQ/ FOB was US$725-745 in January, and went up to US$ 750-770 in early February.


There are imports from abroad as there is a decrease in the cultivation of Myanmar black grams, which are mainly export­ed to the Indian market, due to the weather conditions in 2022.


For the five years from 2021- 2022 to 2025-2026, Myanmar was allowed to import 250,000 tonnes of black gram and 100,000 tonnes of pigeon pea yearly according to the G to G system. In addition, it is valid to import freely until the end of March 2024.

In early 2023, one quintal of black gram (0.1 tonne) in the Indi­an market was traded at around 7,000 rupees. As a new black gram will be produced in India in coming October, the price of black gram is expected to reach around 8,000 rupees.


According to a bean and pulse dealer, the remaining old beans are being kept and sold with caution in the Yangon pulse market. — TWA/CT