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April 02, 2020

Myanmar earns over $700 million from exports of beans, pulses this FY

Myanmar exported some 1.1 million tonnes of beans and pulses to its trading partners between last April and the second week of this February, earning more than $700 million, according to a report in Myawady Daily on Friday .
Although the country saw no significant decline in the export volume of beans and pulses, it saw a decline of nearly $500 million in its export value, compared with the same period last fiscal year (FY).
The export volume of beans and pulses decreased by more than 10,000 tonnes this year against last FY. At the same time, last FY, the country earned $1.221 billion through the export of the same products. U Toe Aung Myint, Permanent Secretary of the Ministry of Commerce, said that currently, the prices of beans and pulses, especially pigeon peas and mung beans, have fallen in the domestic market after India announced its new import policy on beans and pulses in the second quarter of this FY.
Despite a decrease in the export of pulses to India this FY, the country saw no significant changes in the export of the same products to other countries.

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