Myanmar shipped more than 790,000 tonnes of pulses, with an estimated value of over $650 million, to foreign countries over the past five and half months of the current 2023-2024 financial year beginning 1 April, according to the Ministry of Commerce.
The pulses exports by seaborne trade amounted to $542.625 million (over 667,441.386 tonnes), whereas over 123,446 tonnes of pulses worth $106.089 million were sent to the neighbouring countries through land borders between 1 April and 15 September 2023, totalling $648.714 million from exports of over 790,888 tonnes.
Myanmar’s pulses exports earned over US$1.47 billion from over 1.9 million tonnes in the previous FY 2022-2023, the Ministry of Commerce’s statistics indicated.
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 annual quota.
The current market prices are K2.584 million per tonne of black gram (urad) and K4.05 million per tonne of pigeon pea (tur). — NN/EM