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Peanuts are starting to enter the Mandalay pulses market, and the price of a three-week-old bag is about 40,000 kyats more than last year. It is known from sesame traders.
Last year, the price of a three-week-old bag was 105,000 kyats, but this year it is 145,000 kyats, up 40,000 kyats from last year.
“There were 150,000 peanuts in January last year,” he said. This year’s peak price is 140,000. Compared to 2021, a three-basket bag costs 40,000 more, ”said a pulses trader in Mandalay.
Peanuts are not grown in hot and rainy areas and in mountainous areas, but can be grown only in temperate climates.
From Bhamo to the lower part of Htee Chaing Township, it is not possible to cultivate only groundnuts.
Groundnuts are grown along the river valleys in Chin State. ၊ Gangaw townships are often cultivated and mainly exported to India.
For the past five years, Chinese consumers have been experimenting with exporting to the Chinese market, and some have been exporting to China.
“In the Chindwin River Basin, children, Kalaywa is cultivated in Gangaw Township. As for pulses, we mainly export to India. It has been exporting to the Chinese market for the past five years and has been exporting to the Chinese market for the past five years. We are exporting from two big countries as our main customers. In addition, it is exporting to Europe and the Middle East.
In these Middle Eastern countries, groundnuts are valued and consumed as much as any other legume. The price is high there. In India, they also grow groundnuts. They also buy groundnuts from Burma, ”said a Mandalay bean stall owner.
Traders also say that India should refine and sell finished goods like India, as India refines and exports to other European countries. Peanuts are a crop grown only once a year.
