Onion prices rally to K2,000 per viss in Mandalay market

June 15,2022


THE prices of onions peaked at K2,000 per viss (a viss equals 1.6 kilogrammes) in the Manda­lay market, according to onion traders.


An abundant supply of sum­mer onions from Myingyan, Pa­kokku, Monywa and Meiktila is seen in the Mandalay market. The onion was priced at only K500 per viss in the correspond­ing period last year, whereas the wholesale price this year climbed to K2,000 per viss, said U Soe Win Myint, the owner of the Soe Win Myint commodity depot.


“The large quantity of sum­mer onion is flowing into the Mandalay market. Furthermore, the price is moving upward trend. The yield increased and so did the price. There is a reg­ular demand from foreign mar­kets like Bangladesh in addition to local consumption. Traders also keep the onion stocks in their hands. Last year, the on­ion market collapsed and some growers even left the planta­tions unharvested due to a lack of demand. Thanks to price hike during the harvest time, the growers are financially doing well,” he explained.


Myanmar exports onions to external markets beyond self-sufficiency. The onions are commonly grown in Mandalay, Sagaing and Magway regions. It is cultivated near the riverbank with an irrigation system in the upper Myanmar region. — Min Htet Aung (Mandalay Sub-Print­ing House)/GNLM