Onion prices continue to drop in domestic market

DSC 1974 Labourers carrying sacks of onions on their shoulders. Photo Phoe Khwar copy
Labourers carrying sacks of onions on their shoulders.  Photo: Phoe Khwar

Onion growers are facing losses as the onion price continues to decline in the domestic market this season due to the late harvest, according to a report in Myawady Daily on Thursday.
U Khin Han, chairman of Myanmar Onion, Garlic and Kitchen Crops Producer Association, said the onion market is cooling down owing to the low price. The onion price has dropped by half from its peak. Onion prices were more than Ks700 in the post-Thingyan period. Now, a viss (3.6 pounds) of onions is currently sold for Ks500-Ks600.
U Khin Han said onion prices are expected to rise next week, adding there was a huge stockpile of onions in the local market, but the demand for the crop is low. So, prices of the crop have been on the decline.
Onion is a popular cooking staple and is normally harvested in March. Growers are facing losses owing to the late harvest.

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