GROWING INDIAN DEMAND – RISE IN MYANMAR BEAN PRICES

According to Ministry of Commerce statistics, Myanmar earned about US$912 million from exporting 1,419,756 tonnes of beans in 2012-2013, to India, Singapore, China, Vietnam and 46 other countries.Most beans are grown in Bago, Yangon, Mandalay, Ayeyarwady and Sagaing regions from November to February.Now, with the fear of low production due to possible drought in India, 70 per cent of Myanmar’s total production of beans is going towards fulfilling their demand. Local bean exporters are benefitting from the rising demands, both locally and from India, as the prices of beans and pulses such as green gram beans, pigeon peas, matpe beans etc on an all-time high.