Onion growers from Myingyan Tsp expecting handsome price

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Onion growers from Myingyan Township, Mandalay Region are anticipating reviving the market as some of them rarely bear the input cost.
The onions from Myingyan Township are delivered across the country. During the harvest time of monsoon onion, the price remains in the bear market, said Ko Shwe Ko, a grower from Myingyan Township.
The growers cannot cover the cultivation cost owing to the low pricing. As a result of this, they are expecting a good price, he added.
Onion fetches only K450-650 per viss (a viss equals 1.6 kilogrammes) depending on the quality, said U Khin Zaw from the Myingyan Onion Depot.
Last year, onions were priced up to K750-1,000 per viss.
The onion market remains sluggish compared with the previous years as the foreign demand has dried up, onion traders stated.
In early 2020, the onion fetched K1,200-1,300 per viss. The onion growers, as well as traders, have been experiencing market fallouts due to the COVID-19 impacts, said the onion dealer from Mandalay.
Next, Bangladesh’s demand for Myanmar’s onions coupled with high demand in the local market hiked up prices, soaring up to K4,000 per viss on 15 November 2019, according to the Mandalay commodity depot.
The high demand by foreign markets and a remarkable price rise prompted the growers to expand the onion cultivation in 2020. Unfortunately, the market is getting worse amidst the COVID-19 negative consequences.
The prices of domestic onions exceeded K3,000 per viss in 2015, 2018, and 2019.
The onions are primarily grown in Mandalay, Magway and Yangon regions, Nay Pyi Taw and Shan State. — Kyaw Swar, KK/GNLM

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