Chilli pepper price sees downtick in domestic market

When other kitchen dry groceries prices spiked in 2023, the price of chilli pepper moved down, U Hla Han, a warehouse owner of chilli pepper on Seinpan Street, told the Global New Light of Myanmar (GNLM).
The bell pepper touched the highest price among chilli peppers. The bell peppers from the Sinphyukyun area and delta regions processed in cold storage facility hit K31,000 per viss in the wholesale market in mid-November 2022. One month later, the price of new bell pepper plunged to K13,000 per viss on 24 December 2022 after one month.
On 16 January 2023, the price increased again to K18,000-19,000 per viss (a viss equals 1.6 kilogrammes). On 26 January 2023, the price fell to K15,000-16,000 per viss. Normally, the price of bell pepper was around K5,000-6,000 per viss. It used to rise K9,000-10,000 per viss. Last year, the market saw a tremendous rise.
High price prompts the traders to keep the stocks in their hands to store in the cold chain in the upcoming harvest season. Therefore, the demand is expected to go up. There is less chance to return to the normal price condition.
Moreover, the price of red long chilli pepper jumped to K21,000-22,000 per viss on 16 November 2022. Then, the price plummeted to K11,000 per viss on 26 January 2023.
The prices stood at K18,000 per viss of long chilli pepper on 12 December and K16,500 per viss of Moe Htaung variety on 8 December 2022 during the harvest time.
The price fell to K13,500-14,000 per viss on long chilli pepper and around K11,000 per viss on 26 January.
The price of chilli peppers was on a downward trend in early 2023. Those traders are preparing to store them depending on foreign markets and new chilli output in the market, traders from Yangon markets said. TWA/EMM