Salt prices bounce back in domestic market

The prices of salt have rebounded, according to the salt market.
In Last November, salt was priced at the lowest of K203 and the highest of K250 per viss only. The prices have slowly increased to K263-K270 per viss this month.
The slight increase is attributed to the low outputs by salt fields due to rainfall until end-November, low stocks and offer prices.
At present, a decline in salt production pushed up the price. When an abundant supply of salt enters the market, the price is likely to dip, salt farmers said.
The salt harvesting process begins around mid-September in Mon State and raw salt is processed in December and January. High fuel oil prices affected production and transportation.
The traders faced low inventory despite the high price at the end of the salt season.
During the 2021 salt season, salt farmers were battered by losses.
Mon State, the second largest producer in Myanmar, yearly produces 40,000 tonnes of sun-dried salt, beyond magnesium chloride (MgCl2), iodized salt (I2) and table salt (NaCl).
The 2019-2020 statistics of Mon State salt production businesses showed that there are 14 iodine salt processing plants and one factory each for magnesium chloride (MgCl2) and table salt (NaCl) production, with a production capacity of 60 tonnes of magnesium chloride, 204 tonnes of table salt and 12,132 tonnes of iodized salt. — NN/EMM