Black gram, pigeon pea prices hit record high on 26 April

 

April 28

 

The price of black gram (RC) reached a fresh new peak of K2.115 million per tonne on 26 April 2023.

 

Last year’s record price was K2.1 million per tonne on 31 August 2022.

 

Similarly, the pigeon pea also surged to K2.43 million per tonne on 26 April. It touched the highest of K2.175 million per tonne on 19 April 2022.

 

On 26 April 2023, 15 containers (360 tonnes) of black gram RC and 10 containers (240 tonnes) were traded.

 

The prevailing price hit a four-month high on 26 April, indicating a sharp increase of K500,000 per tonne, Yangon’s wholesale market data showed.

 

Moreover, the prices of pigeon peas also rose by K700,000 per tonne on 26 April 2023 compared to that recorded four months ago.

 

India’s pulses output drastically dropped in 2023. Consequently, the demand for pulses is growing. The authorities concerned are closely monitoring the large warehouses to stop manipulation.

 

The price of black gram (urad in India) is expected to be around Rs7,500 per quintal whereas pigeon pea (tur) fetched Rs8,200 per quintal in Chennai until August. India’s market observers forecast the volatile price is unlikely.

 

Traders engaged in the Yangon market shared their opinions that the pulses prices remain unchanged at present. — TWA/EM