Pulses and beans offer Myanmar top trade window

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beansBefore Myanmar was shackled by decades of dictatorship, the country was the world’s top exporter of rice. Today, that title belongs to India – but Myanmar may just have another cash crop that it can export to become a top trader.

Myanmar is the largest producer and exporter of beans and pulses in ASEAN, exporting over 1.9 million tonnes of the agri-commodity from 2012 to 2013. And if Myanmar can produce more value-added beans and pulses, the industry could grow, a special report released on August 1 by Thura-Swiss, a Myanmar-based consultancy, has reported.

According to the special report, the beans and pulses industry in Myanmar would greatly benefit in competitiveness by improving farming conditions by raising access to equipment and fertilisers through micro-finance tools and technical assistance, as well as promoting public and private sector involvement in research and development.

India is today the largest buyer of Myanmar beans and pulses, making up nearly three quarters of the export market. The next largest customers are the UAE, Thailand, Bangladesh and Japan, but all register insignificant trade when matched with India.

This overreliance on one market is a major hurdle that Myanmar must overcome to sustainably grow the industry. Furthermore, the Thura-Swiss special report notes that poor regulation is also a major barrier to growth.

“The beans and pulses trade,” the report says. “is badly regulated and a lack of focus in general on organisation or research and development into the sector has hindered its development in contrast to the more blossoming rice trade.”

Myanmar produces over 20 varieties of beans and pulses and, due to relatively low domestic consumption, many of these commodities are destined solely for export.

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Reading Time: 2 minutes

Before Myanmar was shackled by decades of dictatorship, the country was the world’s top exporter of rice. Today, that title belongs to India – but Myanmar may just have another cash crop that it can export to become a top trader.

Reading Time: 2 minutes

beansBefore Myanmar was shackled by decades of dictatorship, the country was the world’s top exporter of rice. Today, that title belongs to India – but Myanmar may just have another cash crop that it can export to become a top trader.

Myanmar is the largest producer and exporter of beans and pulses in ASEAN, exporting over 1.9 million tonnes of the agri-commodity from 2012 to 2013. And if Myanmar can produce more value-added beans and pulses, the industry could grow, a special report released on August 1 by Thura-Swiss, a Myanmar-based consultancy, has reported.

According to the special report, the beans and pulses industry in Myanmar would greatly benefit in competitiveness by improving farming conditions by raising access to equipment and fertilisers through micro-finance tools and technical assistance, as well as promoting public and private sector involvement in research and development.

India is today the largest buyer of Myanmar beans and pulses, making up nearly three quarters of the export market. The next largest customers are the UAE, Thailand, Bangladesh and Japan, but all register insignificant trade when matched with India.

This overreliance on one market is a major hurdle that Myanmar must overcome to sustainably grow the industry. Furthermore, the Thura-Swiss special report notes that poor regulation is also a major barrier to growth.

“The beans and pulses trade,” the report says. “is badly regulated and a lack of focus in general on organisation or research and development into the sector has hindered its development in contrast to the more blossoming rice trade.”

Myanmar produces over 20 varieties of beans and pulses and, due to relatively low domestic consumption, many of these commodities are destined solely for export.

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