It was learned from Myanmar traders that in the export market of various pulses, the prices of rye beans and red pigeon peas continue to rise, and transactions are active.
It is understood that since January 8, the proportion of export revenue converted into kyats at the exchange rate set by the central bank has been relaxed from 25% to 15%. Since then, the prices of black beans and red pigeon peas in the domestic bean market have continued to rise.
In addition, during the current period, the new season black wheat beans and red pigeon peas have entered the market in small quantities, coupled with domestic stockpiling traders and strong foreign demand, which are also reasons for the price increase.
U Soe Win Maung, consultant of the Myanmar Various Beans, Corn and Sesame Traders Association, said: “After the ratio of export revenue to kyat is reduced, traders can pay better prices for purchases. This is essentially allocating a part from traders’ profits. Prices began to rise after the export revenue policy was relaxed. Finally,
It has eased slightly in recent days, showing a mixed trend.
Foreign demand still exists.
It is understood that the output of pigeon peas is also low.
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At present, the price of black beans FAQ per ton is 2.91 million kyats.
The price per ton of new red pigeon peas produced in 2026 this year is 3.037 million kyats.
In comparison, on January 7, the price per ton of FAQ grade black wheat beans was 2.737 million kyats; the price per ton of old red pigeon peas (produced in 2025) was only 2.65 million kyats.
The price per ton of new red pigeon peas produced in 2026 is only 2.78 million kyats.
Therefore, within about 17 days after the export revenue policy was relaxed, the price of black wheat beans per ton increased by about 140,000 kyats.
Similarly, the price of old red pigeon peas (produced in 2025) has also increased by about 260,000 kyats per ton, while the price of new red pigeon peas produced in 2026 has increased by more than 250,000 kyats per ton.
A person in charge of the Xingshida Commodity Exchange said: “The main reason is that the export revenue policy has been relaxed and the large-scale listing period of beans has not yet come. The number of beans entering the exchange is still small. It is expected that it will not be until next month (February) and around March.
A large amount is on the market.
The quantity is not large yet.
Regarding beans, hoarders have also started to take action, and India is also purchasing, so the demand is there and the supply is insufficient, causing the price to rise.”
At present, new season black wheat beans from Ayeyarwady Province, Bago Province, Sagaing Province and Yangon have begun to enter the market.
In terms of pigeon peas, pigeon peas mainly produced in Upper Myanmar, mainly Mandalay Province, enter the market.
It is understood that in Magway Province, the pigeon pea harvest period is about to begin.
While rye beans and pigeon peas are usually harvested and dried in various places in February and March.
Due to the rising cost of planting, harvesting and drying black wheat beans and pigeon peas in this year’s cold season, farmers said they need to obtain at least 100,000 kyats per basket to maintain the price.
Currently, exports of rye beans and pigeon peas are mainly to India in maximum tonnage.
According to the Memorandum of Understanding (MOU) between the two countries, the license to export rye beans and pigeon peas to India on a duty-free and free import basis will expire on March 31 this year.
It is reported that to this end, the two governments are currently negotiating to extend the MOU period and increase the tonnage of rye beans and pigeon peas that can be exported.
This series of market dynamics and policy trends will have an important impact on the future development of the Myanmar bean market and deserve continued attention.
