Old onion prices fluctuated upward to K4,800-K5,000 per viss at Bayintnaung Wholesale Market on 11 December.
The prices rose from K4,000 per viss on 9 December. With an entry of 108,000 visses of new onions on 11 December, the fresh onions are priced at K2,700-K3,300 per viss.
The onion market saw a rapid rise on 11 December, showing a significant increase of K800-1,000 per viss, U San Lwin, who sends onions to the regions outside Yangon, told The Global New Light of Myanmar (GNLM).
Yangon market has witnessed an influx of old summer onions since 11 December. About 120,000 visses of old onions were supplied to the Yangon market on 9 December.
High prices prompted monsoon onion growers to send their goods to the Yangon market.
The favourable weather conditions benefit the monsoon onion growers at present.
Monsoon onions are only for domestic consumption. However, depending on supply and demand, the prevailing prices still cannot meet the record price recorded in the corresponding period last year, Daw Maw Gyi, a trader, told the GNLM. — TWA/KK
