Myanmar Pulses Exports Surge to $1.18 Billion in 2023

Date:

Updated: 11:11 AM, Tue February 27, 2024

The value of Myanmar’s pulses exports totalled over US$1.47 billion from over 1.9 million tonnes in the previous FY 2022-2023.

MYANMAR shipped nearly 1.4 million tonnes of pulses worth over US$1.182 billion to foreign trade partners in the past ten and half months of the current 2023-2024 financial year beginning 1 April, the Ministry of Commerce’s statistics showed.

Myanmar bagged $1.06 billion from pulses exports of over 1.25 million tonnes through seaborne trade, while over 140,344 tonnes of pulses worth $121.158 million were sent to the neighbouring countries through land borders between 1 April 2023 and 16 February 2024, totalling $1.182 billion from exports of over 1,391,565 tonnes.

The value of Myanmar’s pulses exports totalled over US$1.47 billion from over 1.9 million tonnes in the previous FY 2022-2023, the Ministry of Commerce’s statistics indicated.

Myanmar mainly exports black grams, green grams and pigeon peas to foreign markets. Of them, black grams and pigeon peas are primarily shipped to India, while green grams are exported to China and Europe.

India has growing demand and consumption requirements for black gram and pigeon peas. According to a Memorandum of Understanding between Myanmar and India signed on 18 June 2021, India will import 250,000 tonnes of black gram and 100,000 tonnes of pigeon peas (tur) from Myanmar for five consecutive years from 2021-2022 financial year to 2025-2026 FY. This G-to-G pact will not affect the pulses’ annual quota set by India. Myanmar’s exporters are also entitled to deliver the pulses to India under that yearly quota.

The prevailing market prices stand at K3.055 million per tonne of black gram (urad) and K3.77 million per tonne of pigeon pea (tur), according to figures from the Yangon Region Chambers of Commerce and Industry (Bayintnaung Wholesale Centre).

Frequently Asked Questions (FAQs) Related to the Above News

What is the total value of Myanmar's pulses exports in the current FY 2023-2024?

The total value of Myanmar's pulses exports in the current FY 2023-2024 is over US$1.182 billion from exports of over 1.391 million tonnes.

Which countries are the primary importers of Myanmar's pulses?

India is the primary importer of black grams and pigeon peas, while China and Europe import green grams from Myanmar.

What is the market price for black gram (urad) and pigeon pea (tur) in Myanmar?

The market price currently stands at K3.055 million per tonne of black gram (urad) and K3.77 million per tonne of pigeon pea (tur) in Myanmar.

Is there a Memorandum of Understanding between Myanmar and India regarding pulses exports?

Yes, a Memorandum of Understanding between Myanmar and India was signed on 18 June 2021, which allows for the import of 250,000 tonnes of black gram and 100,000 tonnes of pigeon peas (tur) from Myanmar annually for five consecutive years.

How does Myanmar export pulses to neighbouring countries?

Myanmar exports pulses to neighbouring countries through both seaborne trade, which accounts for the majority of exports, and through land borders.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Shreya Gupta
Shreya Gupta
Shreya Gupta is an insightful author at The Reportify who dives into the realm of business. With a keen understanding of industry trends, market developments, and entrepreneurship, Shreya brings you the latest news and analysis in the Business She can be reached at shreya@thereportify.com for any inquiries or further information.

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