Analysis of the current market situation of beans and other agricultural products in Myanmar: price fluctuations, export difficulties and future prospects

Myanmar's soybean exports have hit a hurdle due to limited planting area and low profit margins, with only 20 tons exported this fiscal year. The domestic market price is higher than the export market, disincentivizing exporters. Meanwhile, the rye bean market is in crisis with plummeting prices, causing significant losses for farmers. This is attributed to increased costs, late planting, and competition from new beans in India. The pigeon pea market is also struggling with falling prices, and the sesame market, while facing slight price drops, remains relatively stable. The article underscores the need for agricultural upgrades in technology, market regulation, and export strategies to combat these challenges.

Soybean export: Dilemma under the dual constraints of area and profit The head of the Myanmar Bean, Corn and Sesame Merchants Association pointed out that soybean planting is strictly restricted by climatic conditions and land location, and it is difficult to expand the planting area significantly. This inherent deficiency makes it difficult for soybeans to form scale advantages in terms of output. More importantly, the low export profit has become a "tight ring" for soybean exports. The price of soybeans in the domestic market is higher than that in the export market, which makes exporters lack motivation, directly resulting in only 20 tons of soybean exports this fiscal year. Although Myanmar soybeans have a certain share in the international market, the meager profits have deterred farmers and businessmen, and the export volume has continued to decline. At present, the soybeans grown in Myanmar are more used for domestic consumption, and some companies also plan to process ...