Onion price shoot up due to flood in onion plantation

A woman works in an onion plantation. Photo: Phoe Khwar
A woman works in an onion plantation. Photo: Phoe Khwar

Some onion plantations are damaged by torrential rain these days and the price has risen steadily in the domestic market.
A viss (3.6 pounds) of onion fetched up to Ks2,625 on 21 October in Yangon market while the prices of onion ranged from Ks1,825 to Ks2,325 per viss on 17 October.
The price of China’s onions is gradually on the rise aligned with increasing local price. Therefore, China’s onion is currently banned for import.
The consumers prefer local onions because of good quality in spite of the fact that China’s onion is cheaper than the domestic one.
It is normal that the onion price climbs up in the market when the flood surged to onion plantations. Onion price hit a record high of Ks3,300 a viss in October and November 2015.
Nevertheless, this year’s onion price in October and November is higher than that of last year’s price, according to Central Statistical Organization.
Despite the high price in local market, onions are daily exported to Thailand and China through border gates, according to yesterday’s report of Myanma Alin.
Onion plantations in Kyaukse and Myitha towns were battered by flood. There has a little damage in Pyawbwe Township.
Last fiscal year saw more than 1 milli0n tons of onions. —Htet Myat

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