With the harvest of onions beginning in the central region, the prices of old onions have risen to K3,000 per viss (one viss equals 1.6 kg) in Kaleinaung town, Dawei District, Taninthayi Region, said traders.
Onions were priced at K1,100-1,300 per viss in October. During the current harvest time, old onions are fetching at K2,500-3,000 per viss, said a vendor.
“It is normal for onion prices to rise during that time,” she said.
The price of onions was K800-900 per viss in September. Last month, Bangladesh’s demand for Myanmar’s onions coupled with high demand in the local market had hiked up prices, according to the Mandalay commodity depot.
In response to the surge in prices, the government allowed onion imports. In the previous years, China flooded the onion market with bulk supply.
The prices may change depending on the weather conditions and market supply, said traders. —Township IPRD/ Ko Khant
(Translated by Ei Myat Mon)