Mandalay market sees bustling trade activity of oil seeds in pre-Chinese New Year festival

 

January 20

 

The prices of oil seeds (sesame seeds and peanuts) edge up in the Mandalay market when the Chinese New Year festival is approaching, traders from Mandalay city said.

 

There is a brisk sale of oil seeds in the pre-Chinese New Year period. This year, the prices doubled to K6,800 per viss of peanut from K3,300 from the year-ago period and K300,000 per three-basket bag of black sesame seeds (Samone variety) from K185,000 from last year’s price.

 

“Some Sino-Myanmar borders resumed in the pre-Chinese New Year period after a three-year hiatus triggered by the COVID-19 consequences. The exporters made advance purchases before the long holidays of the new year. The oil seed market did a roaring trade this year compared to last year’s trade activities.

 

The price also increased two folds. During the year of the rabbit in the Chinese zodiac, it is predicted to be a year of hope with active trading. There is a robust demand for the Niger seed, sunflower, mustard seed and soybean,” said a trader.

 

The prices of pulses to be exported to China stood at K61,000 per three-basket bag of corn, K140,000 per bag of green gram, K200,000 per bag of cowpeas red, K128,000 per bag of cowpeas white and K137,000 per bag of kidney beans. — Min Htet Aung (Mandalay Sub-Printing House)/EMM