Myanmar has earned more than US$1.3 billion from exporting beans and peas until the second week of March this fiscal year, according to the Ministry of Commerce.
More than 1.3 million tonnes of beans and peas have been exported during the period.
The prices for beans and peas is determined by demand from India, the largest buyer of Burmese beans and pulses. The price for mung beans now exceeds Ks1 million per tonne due to higher demand from India.
Myanmar, one of the world's top bean producers, exports more than 1 million tonnes of beans and pulses annually. The country exports chickpeas, mostly to India, and mung beans to China and Vietnam.
Myanmar exports around 70 per cent of its beans and pulses, especially chickpeas and pigeon peas, to India.
Chickpeas are mostly grown in Kachin State, Kayah State, Sagaing Region, Tanintharyi Region, eastern Bago Region and Shan State and Ayeyawady Region. The annual harvest is about 500,000-600,000 tonnes. The country needs to increase the quality and quantity of its main exports to meet EU demand.