Long chilli prices plunge to K5,000 per viss

The prices of various strains of long chillies in the Yangon market drastically dropped to K5,000 per viss in the last week of March, according to the data from commodity depots on 22 and 23 March.
New long chillies from the delta area such as Wakema, Einme and Pantanaw Townships as well as from all parts of the country have flocked to Yangon chilli market this month, but the export through border checkpoints was low due to poor transport and some other conditions. Due to the abundant chilli supply, cold storage facilities are fully stocked, leaving insufficient space for cold storage facilities at Bayintnaung depot, according to a chilli seller on Seinpan Street from Bayintnaung Brokerage. On 22 March, the prices for Panye and Hmyani long chilli were between K5,000 and K6,500 per viss, and on 23 March, the prices were between K5,000 and K6,000 per viss.
On 24 February, Salin Panye long chilli was priced at K10,000 per viss, Myanaung long chilli at K8,700, Vietnamese long chilli K9,000 and bell peppers from the Sinbyukyun area K14,500 respectively. In mid-March, the prices of Panye long chilli plunged to K7,000-K7,200, while the prices of Myanaung long chilli declined to K6,300-K6,400.
Just as the price of long chillies has fallen, Moehtaung chilli fetched only K7,000 per viss, while a viss of bell peppers from the Sinbyukyun area was around K10,000 on 23 March. At the beginning of March, the price of Moehtaung chili pepper was K9,000 per viss and the bell peppers from the Sinbyukyun area only K12,500. In the same period of March 2023, the price of a viss of long chilli peppers was as high as K10,500 to K11,000.
In 2024, warehouse operators expect a price plunge of the long chilli, as their prices are around K5,000 per viss when new long chilli from the delta region starts flowing into the wholesale market while cold storage facilities are full of stocks. — TWA/TH