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May 29, 2020

Myanmar exports over 4,400 tons of chickpeas though prices slump

Farmers harvesting green peas in a farm in Magwe Region. Photo ; Soe Lin Naing
Farmers harvesting green peas in a farm in Magwe Region. Photo ; Soe Lin Naing

Myanmar has exported more than 4,400 tons of chickpeas to India, Pakistan, UAE, Turkey, and other foreign markets as of the second week of March since January this year.
At present, the prices of chickpeas plunge by K10,000 per bag compared to a-month ago period, owing to the drop in foreign and local millers’ demand, said an official from Mandalay Commodity Depot.
“The prices fluctuate depending on supply and demand. When the peas are loaded on the ship, the prices climb up”, said a trader from the Bayintnaung market.
Currently, the prices of chickpeas range between K70,000 and K75,000 per three-basket bag depending on varieties. The price gap against last month is the lowest of K4,500 and the highest of K10,000 per bag, according to Mandalay Commodity Depot.
The chickpeas are cultivated in Yangon, Mandalay, Bago, Sagaing and Ayeyawady regions and Nay Pyi Taw. There are 890,000 acres of chickpeas across the country.
The peas are cultivated in October and November and they are harvested in the January-April period. More than 550,000 tons of chickpeas have been yielded so far.—Ko Khant (Translated by Ei Myat Mon)

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