Prices of new chilli pepper, onion drop

Chilli pepper prices went down after new chillies entered the Yangon market in mid-December 2022, Ko Hla Han, an owner of a chilli pepper brokerage house, told the Global New Light of Myanmar (GNLM).
On 10 December, new Sinphyukyun bell peppers entered the Yangon market at a rate of K28,000 per viss. The price fell to K25,000-K26,000 per viss on 13 December and K21,000 per viss on 16 December.
Prices of long chilli pepper and Moehtaung chilli pepper from Shan State fetched K14,500-K15,000 and K15,000 per viss. The price of Moehtaung chilli pepper from various regions ranged from K13,500 to K14,000 per viss. Chilli prices continue to be above K10,000 per viss even though new chillies have come into the market.
Nevertheless, new long chilli prices dropped to K2,000-K3,000 per viss compared to the previous months. Similarly, prices of Moehtaung chilli pepper and bell pepper decreased to around K5,000 per viss.
Onion, edible oil, chilli pepper and rice hit record prices in the Yangon commodity market since mid-2022. Although their prices except that of rice have dropped significantly, they are still higher than those in previous years.
Dealers who keep new monsoon onions in their hands are facing losses in the high-priced onion market due to the decrease in their prices.
Chilli peppers in the market were not available at the same price before the new chilli pepper came out, according to the regional brokers. However, chilli pepper growers are earning more than usual because the prices of chilli pepper are still higher than in the same period in typical years. — TWA/CT