Import deadline of extension for black bean is needed the response of Indian

Although Myanmar’s bean body has asked for deadline extension for import quota of 400,000 tonnes set by India, there is still no response, said U Min Ko Oo, secretary of Myanmar Pulses, Beans and Sesame Seeds Merchants Association (MPBSSMA). “India has not released an official letter regarding deadline extension. Yet, Indian traders are predicting that there might be a one-time extension of the deadline. We have to wait and see that they will extend or not by the end of August,” he said.
India rapidly changed the import period of black bean to three months by August-end 2020 from the earlier set deadline of March 2021, as per their official notice on 22 May. With the changes in Indian policy on bean importation, Myanmar still falls short of the target, and it is not possible to export all the entire quota. The growers have already sold out the beans, and they are in the hands of traders. They have stockpiled around 200,000-250,000 tonnes of black beans, the association stated.
Myanmar can export about 100,000 tonnes of black beans out of 400,000 tonnes to India by August-end deadline, said the MPBSSMA secretary.
Myanmar Pulses, Beans and Sesame Seeds Merchants Association has asked Indian Embassy to Myanmar and the Ministry of Commerce to extend the deadline for black bean import. At present, the prices of the black bean remain unchanged at around K950,500 per tonne, while pigeon peas are priced K802,500 per tonne, as per the market’s data. Myanmar is the top producing country of black bean that India demands. Besides Myanmar, Australia and Africa grow other kinds of peas such as pigeon peas, green grams and yellow peas, the association stated. (Translated by Ei Myat Mon)

(The Global New Light of Myanmar: https://www.gnlm.com.mm/import-deadline-extension-needs-indian-response-for-black-bean/ )

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