According to onion warehouses, newly harvested monsoon onions from the Myittha area started flowing into the Bayintnaung Commodity Wholesale Centre, Yangon Region, on 6 December.
Opening prices stood at K1,500-2,500 per viss, depending on sizes. The large size of the onion is barely seen among them.
There is a slight moisture content left in the monsoon onions. They need to be dried, U Hlaing Min, a trader, told The Global New Light of Myanmar (GNLM).
Old summer onions fetched K5,100 per viss on 2 December 2022. The Yangon market still sees an entry of old onions, with a supply of 150,000 visses of onions on 6 December. The price of old summer onions moved in the range between K3,900 and K4,200 per viss.
The old summer onion market will likely falter with an influx of monsoon onions in early December.
Large monsoon onions were priced at K4,700 per viss on 8 December 2022, yet the prevailing price stood only at K2,500 per viss. The figures showed a sharp drop compared to the corresponding period last year. — TWA/KK