Market sees sharp decline in onion, potato prices

The prices of onion and potato drastically rose at the Bayintnaung market on account of decreasing truck arrivals following the Bago flood.
When the truck arrivals return to normal on 13 October, the prices fell again.
On 9 October, 60,000 visses of onion and 24,000 visses of potato entered the Bayintnaung market, and the onion was priced at K2000-2800-2900-3000 per viss and the potato fetched up to K2,300 per viss.
On 10 October, the onion prices rose to K2300-3000-3300-3400 per viss and there was no entry of potato on the same day. The unsold potatoes of previous days were priced at K2,500 per viss.
On 11 October, the market received 198,000 visses of onion and 78,000 visses of potato and 84,000 visses of potato again on 13 October and, as a result, the price fell to K1,900/2,000 per viss.
Similarly, the wholesale prices of Seikphyu onion were K1800-2700-2800-3200 per viss, K1500-2000-2200 for Myingyan onion and K1500-2500-2600-2900 for Pyawbwe onion.
On 14 October, only 90,000 visses of onion entered the market but the price remained unchanged and 48,000 visses of potato entered the market on the same day and the price was only K1900/2000 per viss.
The low-quality onions entered the Yangon market and the small-size Myingyan onion was K500 per viss in the market on 12 October, said a buyer.
On 13 October, the remnant Seikphyu onion was sold at K1000-1500-1500 per viss depending on the sizes, an onion seller from Yetamar Street told The Global New Light of Myanmar (GNLM).
The Pakokku market received 58,000 visses of onion on 12 October and the highest price was K2,500 per viss and another 42,000 visses of onion on 13 October with the highest price of K2,600 per viss.
The onion-producing regions still have unsold onions and the demand is also lower compared with the same period of the previous year. — TWA/KTZH