Scarce supply pushes onion prices higher till 15 Sept

A decrease in onion supply at Bayintnaung Wholesale Commodity Centre elevated the prices, the market data showed.
The prices jumped to K2,600-3,100 per viss of onions depending on sizes on 15 September, showing an increase of K150 per viss of large onions.
The volume of onion supply was around 72,000 visses on 13 September and 60,000 visses on 14 September. The prices moved in the range of K2,500 and K2,950 per viss only. About 72,000 visses of onions flowed into the Yangon market on 15 September yet the price increased.
The onions fetched high prices in the onion-producing areas in the second week of September.
Approximately four million visses of onions are supplied to the Yangon market every month. There is reportedly a demand from Bangladesh and Malaysia in the regions outside Yangon. However, the price stayed low. Then, the price slightly moved up on 15 September.
Myanmar aims to export 15,000 tonnes of onions to external markets in Q2 (July-September) and 20,000 tonnes in Q3, as per the institution concerned. — TWA/EM