Jul 20, 2015

Bean exports on rise.

Myanmar has earned US$81 million from the export of green beans to the EU countries from the start of the financial year to July, according to Win Myint, director of the Ministry of Commerce.

The ministry and the Ministry of Agricultural and Irrigation are conducting courses on the production of quality beans and pulses.

An official from the commerce ministry said: “We are educating bean and pulse growers on growing methods and the use of fertilizers. This programme was carried out in five townships: Thanlyin, Kyauktan, Kayan, Thongwa and Kawa. Plans are underway to extend the initiative.”

Mung beans are becoming one of Myanmar’s main agricultural exports, mainly to India with the EU market growing.

Prices for beans and pulses have risen significantly this year thanks to the dollar’s appreciation against the kyat. Rice, bean and pulse exports raise around US$1 billion annually.

According to the Bayinnaung sales centre, mung beans sell for around Ks1.4 million per tonne.

Source: Eleven Weekly Media