December 15, 2016

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El Niño hurts green bean export industry

A green bean plantation being seen.
A green bean plantation being seen.

Green bean exports to the EU hurts because of El Niño , with the green bean prices declining this financial year, according to an official from the Myanmar Pluses, Beans and Sesame Seeds Merchants Association.
The beans quality induced by the infamous El Niño weather front, are selling this fiscal year for between US$1,100-1,200 per tonne, compared with last year which saw their value of the same quantity fetch US$1,400.
“The arrival of El Niño this year saw the quality of the green beans decline shortly after sprouting, which is the reason behind the depreciation in their value.” said U Min Ko Oo, secretary of the Myanmar Pluses, Beans and Sesame Seeds Merchants Association.
“We don’t have criteria for the standard of green beans. We just work to meet the requirements the EU set.” added Min Ko Oo.
Green beans cultivated in Myanmar are currently sold to the EU for US$1,200 per tonne, approximately US$200 more can be obtained from selling to China, India or other ASEAN nations.
Agricultural experts from EU countries are reportedly supporting the development of Myanmar green bean farmers, with methods that must be adhered to during every step of the cultivation process in a bid to boost the quality of the beans.
The Myanmar Pluses, Beans and Sesame Seeds Merchants Association expects that 15,000-20,000 tonnes of green beans will be exported during this financial year, a larger volume than 7,000 tonnes was exported during the 2015-16 fiscal year.

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