Onion prices rebound in post-Thingyan holidays

The prices of onions bounced back to over K1,000 in the post-Thingyan period after two-week falls in Yangon and other regions.
Between 4 and 8 April, 984,000 visses of onions from various regions entered the Yangon market. About 702,000 visses of onions flowed into the Yangon market on 18 and 22 April.
On 31 March, the onion prices stayed below K1,000 per viss in Yangon’s wholesale market. On 22 April, the prices increased to K1,200-1,450 per viss depending on the size and producing areas.
On 22 April, the highest price of onion in the Seikphyu market was K1,350 per viss following an entry of 15,500 visses to the Seikphyu market.
Meanwhile, the onions touched the highest of K1,175 per viss in Pakokku and K1,300 in the Myingyan market on 21 April.
The summer onion price this year is higher than that of the corresponding period last year, allowing the growers to do well financially. Those traders who store the onion stocks also make a big purchase this year. Nonetheless, there is less chance for the price to hit a record high this year like 2022’s record price. — TWA/EM