Chilli pepper traders hit by cold storage charge hike again

p6 4
The picture shows bags of chilli peppers flowing into the market.

Traders are struggling to store the chilli pepper amid the surge in cold storage charges for the second time this year and shortage of cold storage facilities, a chilli depot owner from Bayintnaung Commodity Wholesale Centre told The Global New Light of Myanmar (GNLM).
The cold storage charges increased to K125 per viss from K75 in early 2024. This month, it further rose to K175 per viss. The chilli pepper yield is pretty good. However, weak foreign demand drove the price to plunge. It is an excellent opportunity for traders who want to keep their stocks at low prices.
Nonetheless, the cold storage facilities are full of chilli stocks. The cold storage charges vary depending on the different varieties. As bell pepper is required to make more room for storage, the charges touch a high of K225 per viss, unlike long chilli.
Nevertheless, the rise in cold storage charges is nothing compared with the price fluctuation of chilli.
The prices significantly jumped to around K20,000 per viss of bell pepper and K10,000 for long chilli and Moehtaung chilli in 2022. The prices of various types of chilli drastically fell in 2024. The long chilli pepper price plummeted to K4,500 per viss in Yangon’s market prior to the Thingyan holidays. They were sold only at K4,000 per viss on the roadside of a highway in Maubin Township, Ko Ye, who came from Mawgyun area to Yangon, witnessed it.
The red chilli pepper from the delta region fetched K11,500-K12,500 per viss on 1 February. The prices of chilli peppers supplied by Wakema and Eainme areas dropped to K4,000-K4,500 per viss during the pre-Thingyan period. — TWA/EM

Share this post
Hot News
Hot News
Thanlyin real estate attracts buyers, predicted to be better when bridge construction completes
Innovative bamboo products find growing demand in local market as natural decorations spread
Site museum displaying artefacts excavated from ancient Pyu Pinle (Maingmaw) City recommended
FXB Myanmar’s sewing, carpentry and welding free training courses draw a lot of attention
SAC Chairman Prime Minister Senior General Min Aung Hlaing and his wife Daw Kyu Kyu Hla, council members and their wives pour water on banyan trees
Myanmar’s chargé d’affaires attends ASEAN meeting with US Defence Official in Washington
Nay Pyi Taw hosts reading session on Buddha Day
Gala Dhamma ceremony marks Buddha Day on full moon of Kason 1386 ME
SAC Chairman Prime Minister Senior General Min Aung Hlaing, wife Daw Kyu Kyu Hla offer day meals to members of the Sangha who attended the ceremony of marking Buddha Day on Full Moon Day of Kason 2024
16th Kason Water-Pouring Event held at Uppatasanti Pagoda