Rising transportation cost, increase in cattle price, being close to Thingyan lead to rise in beef price

photo 2024 03 29 14 52 54
Two customers buying beef at a retail meat shop.

Beef price has risen as a result of increasing transportation cost and live cattle price plus being close to Thingyan, according to meat market.

“Beef price has increased. Retail price is now K16000-K17000 a viss, up from K15000. But these can’t be said real prices. We can’t help raising the price in retail market, that’s why we have sold it at K17000. When we buy from wholesalers, fat and tendon are contained, so we have to remove them because buyers don’t want to give good price. I think the price won’t get higher anymore and will fall back,” said Ma Hlaing who runs a beef shop.

Beef retail price per viss was K15000 in February and it is priced between K17000 and K18000 in March in Yangon Region.

“It is expected that the price will fall, because it is uneconomical for buyers. It is resulted from increase in transportation cost and live cattle price. Price is likely to decline back because buyers may feel reluctant to buy later,” said an official from a beef wholesale in Yangon.

Pork which is one of the most consumed meats in Myanmar is now K16000 a viss, up from K15000 in retail market. Beef price has been high this month but it is expected to return to normal price later because of buyers’ sentiment.

Thit Taw/ZS

Share this post
Hot News
Hot News
Thanlyin real estate attracts buyers, predicted to be better when bridge construction completes
Innovative bamboo products find growing demand in local market as natural decorations spread
Site museum displaying artefacts excavated from ancient Pyu Pinle (Maingmaw) City recommended
FXB Myanmar’s sewing, carpentry and welding free training courses draw a lot of attention
SAC Chairman Prime Minister Senior General Min Aung Hlaing and his wife Daw Kyu Kyu Hla, council members and their wives pour water on banyan trees
Myanmar’s chargé d’affaires attends ASEAN meeting with US Defence Official in Washington
Nay Pyi Taw hosts reading session on Buddha Day
Gala Dhamma ceremony marks Buddha Day on full moon of Kason 1386 ME
SAC Chairman Prime Minister Senior General Min Aung Hlaing, wife Daw Kyu Kyu Hla offer day meals to members of the Sangha who attended the ceremony of marking Buddha Day on Full Moon Day of Kason 2024
16th Kason Water-Pouring Event held at Uppatasanti Pagoda