According
to Agriwatch.com, the Indian government has signed a Memorandum of Understanding
(MoU) to import matpe (bean) and pigeon pea from Malawi, a landlocked country in Africa and Myanmar.
About
250,000 tonnes of matpe (bean) will be imported from Myanmar, and 100,000
tonnes of pigeon pea will be imported from Malawi under a
government-to-government contract.
Agriwatch.com
quoted market sources as saying that the two types of pulses are intended to be
imported annually and are planned to be purchased for five years.
Demand
for pulses has risen since the Indian government recently changed its domestic
demand for pulses and changed its import policy.
Although
Last week, the price of red bean was lower, but Prices have risen due to the
lowering domestic stocks; Increasing foreign demand; increasing demand from India and Pakistan.
On
June 9, the price of a basket of Irrawaddy beans was 35,800 kyats, but on June
16, it rose to 37,170 kyats per basket, according to data from the Ayeyarwaddy
Trade Center.
However,
market observers say that while the Indian government will also make G-to-G
contracts, the price of Burmese pulses may rise, but it is unlikely that the
price will rise too much due to the underlying price controls based on Indian
domestic prices.
Source: BETV Business (https://www.betvbusiness.com/mm/cheaangp/1228)
Photo: BETV Business
Originally published Date - 17.6.2021
June 24, 2021
