Potato prices decline amid supply surge, expected to persist next month

photo 2024 04 10 14 57 20
Potato bags at a wholesale trading centre in Aungban.

Due to an influx of supply, potato prices have fallen, and they are expected to continue staying low next month.
Including the fact that Chinese potatoes entered the domestic market, locally-grown potato production has been surplus in the market, resulting in a decline in price.
“At the beginning of harvest season, big-sized potato prices increased to K2,800 from K2,600 a viss. Now the price of the above-mentioned big potato is just K2,000. The price has been declining for more than two weeks. This is because potatoes produced from Mandalay and Myitkyina are available now. Chinese-imported potatoes, which are cheap, have entered the domestic market. It is expected to continue like that in next month,” said a potato trader from Hopong township.
At present, the price of medium-sized potatoes, which are the most consumed in the market, averages K1,800 a viss, down from K2,600 in previous months.
“Both locally-produced and imported potatoes are now available on the market. That is why the price has fallen. There are many potato consumers in Myanmar. But the price will be better again sometime in the future. The potato sale has been active this year,” said an official from a vegetable wholesale shop in Yangon. – Thit Taw/ZS/ED

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