Over 1,180 Indian companies allowed to import Myanmar beans

Myanmar beans and pulses were applied to import by more than 6,000 companies from India since April and May and only 1,180 companies were allowed to import in this early June. There are 200,000 tons of pigeon pea, 150,000 tons of green gram and 150,000 tons of mung bean. “For mung bean, those companies have to import under a quota system. I think they also have to do this for pigeon pea and green gram”, said Min Ko Oo, Secretary of Myanmar Pulses, Beans & Sesame Seeds Merchants Association. India announced quotas for their import companies at the end of March. Mung bean and pigeon pea were mainly purchased by India while China and some European countries buy green gram.
According to data from Bayintnaung Wholesale Center, one ton FAQ of mung bean (2019 crop) is worth US$-560-580 and one tone SQ US$700-720. One ton FAQ of mung bean (2018 crop) is worth US$555-575 and one SQ US$690-710.
One ton FAQ of green gram is priced at US$650-740 and one ton of green gram (golden yellow) US$850-1,000.
One ton FAQ of pigeon pea (2019 crop) is worth US$650-750 and one ton FAQ of pigeon pea (2017-2018 crop) US$630-670.
On June 20, mung bean was sold at K863, 000 per ton (FAQ) and K1, 033,000 per ton (SQ).

Source- elevenmyanmar