Surging bean prices

The price of beans has increased since the start of the harvest with the bean market opening at 750,000 kyat (US$750) per ton in December 2014, a spike from 500,000-600,000 kyat per ton the year before. Bean prices usually fall in November and December but have surged due to lower home stock and higher demand from India as prices are heavily dependent on the Indian market, with 80 percent of local crops exported to Burma’s eastern neighbour.