Bell pepper price remains elevated at K25,000 per viss

On 20 October 2022, the prices of bell pepper from delta regions inched higher to K25,000 per viss (a viss equals 1.6 kilogrammes), while long chilli pepper processed in cold storage fetched K20,000 per viss, Moe Htaung chilli pepper is priced at K15,500 per viss and bell pepper from the Sinbyukyun area at K24,500, according to the market data.
On 19 October, the wholesale price of bell pepper jumped to K23,000 per viss. The figures showed an increase of K2,000 per viss within a day, Ko Hla Han, an owner of chilli pepper brokerage, told the Global New Light of Myanmar (GNLM).
The bell pepper is worth K450,000 per 18-viss bag. In mid-2022, the commodity prices inflated in domestic markets, with K100,000 per bag of onion, K450,000 per bag of chilli pepper and K700,000 per 110-viss barrel of palm oil. The traders have to pump in large capital than before. Both retailers and wholesalers of groceries stressed the high capital input.
Nonetheless, depot operators receive more brokerage fees following the high prices of commodities, with five per cent of commissions imposed on the goods rate. The commission is K1,250 per viss of chilli pepper and K150 per viss of onion. —TWA/GNLM