August 19, 2016

Pea merchants and farmers face difficulty from lower prices

WITH lessening demand from Indian merchants, local pea merchants and pea growers are bracing for the difficulty as the local price of the humble pea has dropped to K300,000 per tonne.
Farmers store green grams without selling to merchants after harvesting them, said Dr. Myat Soe, the information-officer-in-charge from the Myanmar Pulses, Beans and Sesame seeds Merchants Association. At early harvest time, the price of the pea export market to India was higher. It has now become lower and it costs around K1,280,000 per ton of green gram.
Farmers in Wundwin Township, Mandalay Region will sell out the pea they store when they gain higher prices. The price went up at the end of last year. The merchants gained high profits as green grams reached up to K2 million per ton at the export market to India in September, 2015.
I only got K 30,000 per basket when I sold to the purchasers.  The merchants gain profits during the high season period. I will store and sell out when I am offered a better price to pay back my loans, said Daw Khin Win from Pyar-mut village.
The merchants offer K50,000 per basket of Pigeon Pea and K42,000 per basket of green gram. The price of export is set at K1,280,000 for green gram, K1,250,000 per ton of Pigeon Pea and K120,000 per bag of mung bean weighing 60 visses (a viss is approximately 1.6 kilograms).
India is the only major buyer after harvesting. Demand has become lower following the Indian government’s intervention in the pea market allowing them up to 200 tonnes per warehouse.
Myanmar’s exports in this fiscal year of 2015-2016 reach 396,893 tonnes of green gram valued at US$391.165 million, 14,299 tonnes of lima pea (Pe-lun-phyu) valued at  US$9.751, 234,501 tonnes of green gram valued at US$238.468 , 23,280 tonnes of gram valued at US$11.32 and 144,450 tonnes of pigeon pea worth US$144,450, it has been learned from the Myanmar Peas and Sesame Association.


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