Around 4,000 visses of chilli peppers traded at low price

A total of 200 bags of cold-processed Panye long chilli pepper weighing around 4,000 visses have been sold out wholesale at a low price in the sluggish Bayintnaung chilli pepper market, according to the market reports.
At a time when the market was sluggish, it was strange that the chilli peppers were traded at K14,000 per viss. The price of long chilli peppers in the cold storage was as high as K15,000–K15,500 in the previous days, but the price fell due to a lack of demand.
The purchase price of a viss of long chilli pepper varies from K11,000 to K13,500 when they were first put in cold storage. The cost of the cold storage for half a year, transport, and labour is about K1,000 per viss. Those who purchased them at a price of K11,000–K12,000 per viss in early 2023 got profits, and those who paid K13,000–K13,500 for a viss of chilli pepper faced losses.
Thus, storing the Pyawbwe Moehtaung chilli peppers produced in 2022 in cold storage could incur a loss, not profit, this year, said a chilli pepper trader.
Only Sinphyukyun bell peppers and Delta bell peppers (bell peppers from the delta region) processed in the cold storage have a wholesale rate of K19,500–K20,000 per viss in the Yangon chilli pepper market.
It is reported that the colour of the chilli peppers fades about a month after they are taken out of the cold storage, so traders sell them out in the market as soon as possible after they have been taken out of the cold storage. — TWA/CT