Shan garlic price hits all-time record high

The price of garlic from Shan State reached the highest price of K8,500 per viss in its records on 23 June 2023, U Hla Win, a seller from the Bayintnaung Wholesale Depot in Yangon told the Global New Light of Myanmar (GNLM).
The local garlic prices moved in the range between K6,500 and K8,500 per viss.
Meanwhile, the imported Kyukok garlic was priced at K7,100 per viss. In the corresponding period last year, the Shan garlic price was only K2,300-K3,800 per viss and Kyukok garlic price touched low at K2,800-K3,000 per viss. Newly-harvested Kyukok garlic entered the Yangon market this month. It has been four months since Shan garlic was supplied to the domestic market.
The buyers are not that interested in garlic price inflation as they daily purchase the onion and potatoes, not garlic. It is hard to forecast the prices of garlic in the market, a trader Ko Phoe Htaw told the GNLM.
Garlic prices inflated in mid-2023. Amid the depreciation of Kyat against the greenback and the rocketing pure gold prices, another inflation case like in August 2022 is likely to happen, U San Myint, a trader, shared his opinion. — TWA/EM

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