Chilli pepper prices rebound

Chilli pepper prices bounced back a bit at the end of November from a downward spiral, U Hla Han, an owner of the chilli pepper depot, told The Global New Light of Myanmar (GNLM).
New chilli peppers (Moe Htaung variety) from the Pyawbwe area started flowing into Yangon’s market at K15,000 per visa on 9 August. Before this, Moe Htaung chilli pepper processed in cold storage fetched above K15,000 per visa. The prices stood at K10,000-K10,500 per viss in mid-October, then dropped further to K9,000-K9,500 per viss on 16 November. Nonetheless, the prices rose again to K10,000-K10,500 per viss on 30 November and 1 December.
Meanwhile, the price of long chilli peppers processed in cold storage was K16,000 per viss in early August and dipped to K13,500 per viss in September. The costs increased to K14,000-K15,500 per viss from mid-November.
Similarly, the price of bell pepper processed in cold storage increased to K23,000 per viss on 30 November.
Meanwhile, the prices of bell peppers from the delta region and Sinphyukyun areas stood at K11,500-17,500 per viss depending on different varieties. The prevailing prices are still K5,000-10,000 per viss lower than the record high in 2022, U Hla Han shared information with the GNLM. — TWA/KK