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August 12, 2020

Myanmar bean body calls for extension of black bean import deadline

Ministry of Commerce  is discussing Indian government to extend  its deadline of black bean import from Myanmar.  PHOTO : Min Htet Aung
Ministry of Commerce is discussing Indian government to extend its deadline of black bean import from Myanmar.  PHOTO : Min Htet Aung

By Nyein Nyein

Myanmar Pulses, Beans and Sesame Seeds Merchants Association (MPBSSMA) has asked India’s Embassy to Myanmar and the Ministry of Commerce to extend the deadline for black bean import as the deadline is August-end, said U Min Ko Oo, secretary of the association. “At present, Myanmar’s Commerce Ministry has requested the Indian government to extend the import deadline. Furthermore, the association will make further efforts through the ministry. It has also directly sent a request to the Indian embassy. Earlier, the import quota of 400,000 tonnes of black beans was set for the 2020-2021 Fiscal Year. Later, they narrowed the deadline by August-end. However, we will continue appealing for the deadline extension”, he said. India rapidly changed the import period to three months by August-end 2020 from the earlier set deadline of March 2021, as per their official notice.
With the changes in India’s policy on bean importation, Myanmar still falls short of the target. The growers have already sold out the beans and they are in the hands of traders. They have stockpiled around 200,000-250,000 tonnes of black beans, the association stated. “Myanmar cannot ship the entire quota by the deadline in any possible way. India’s companies have been granted import licence from early July, while some have not received licence until now. Therefore, trading can start in mid-July. If the deadline is April-end, the country can ship only 20 per cent of quota (approximately 80,000 tonnes), he noted. The prices of the black bean are pegged at around K940,000-945,000 per tonne, while pigeon peas are priced K800,000-805,000 per tonne, as per the market’s data. Myanmar is the top producing country of black bean that India demands. Besides Myanmar, Australia and Africa grow other kinds of peas such as pigeon peas, green grams and yellow peas, the association stated. (Translated by Ei Myat Mon)

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