Commodity prices in general did not change noticeably last week
at Yangon’s Bayintnaung Complex. However, the beans and
pulses market was active due to high export demand, especially
from China, sources at the complex said.
Green mung beans:
The price on February 14 was K39,000 for 60 viss (one viss equals
3.6 pounds), up from K37,200 the previous week, an increase of
5 per cent.
“Green mung is the most sought-after item for the China
export market,” said U Kyaw Win, the managing director of
KB International Company, Limited.
He said the export of pulses and beans increased by about 25
per cent this month over last month.
Toor prices rose by 4 per cent last week, from K215,000 a tonne
on February 7 to K223,000 on February 14.
Export demand affected the market price, said a broker.
The price of matpe barely changed last week, from K225,000 a tonne
on February 8 to K225,500 on February 14 for the ready cargo variety.
The special quality ready cargo variety inched up from K253,000
to K254,000 in the same period.
“The price of matpe rose at the end of 2004 but this month
the harvest season comes and the price will not change a lot in
the market,” said the owner of a warehouse at Bayintnaung.
The price of gram split gradually increased in the second week
of February, said sources from the Upper Myanmar Commodities Centre
in Mandalay. The price on February 15 was K21,500 for 56 viss.
On February 8 it was K20,000.
“Local demand for gram split will increase this week and
it will rise until the harvest,” said U Ko Ko Gyi, the vice
chairman of the centre.
Sesame seeds: Sesame seed prices remained unchanged on February
15, holding steady at K30,000 for 45 viss of black sesame seeds,
K31,000 for mosaic seeds and K38,000 for white seeds.
“The price of sesame seeds will not go down until the
harvest in April and might in fact rise next month,” said
U Ko Ko Gyi.
Wheat: The price of wheat was K23,000 for 60 viss on February
15, down from K23,500 on February 8.
“The harvest season has come so the price has started
to decrease,” said a broker.
The price of high-quality onions rose from K135 a viss on February
7 to K155 on February 14. Low-quality prices also went up, from
K120 to K140.
High-quality garlic sold for K820 a viss on February 14, up from
K800 on February 7. Low-quality garlic went from K650 to K670.
“When the harvest season comes next month the price will
go down,” said a broker.