During the week ending 11 October, the prices of palm oil and chilli pepper slid at Bayint Naung Wholesale Market. The prices of onion, garlic and potato were stable.
As of 11 October, the prices of onions in the Yangon market remained unchanged despite exports to Thailand’s border areas.
The market during the Thadingyut Festival was pretty slow-moving. On 11 October, 60,000 visses of onions entered the market yet the price was stable.
The market prices stood at K2,750 -3,200 per viss of onions from Seikphyu Township, K2,600-2.850 per viss of onions from the Pyawbwe area and K2,650-3,100 per viss of onions from Meiktila Township.
On 11 October, the wholesale prices of garlic moved in the range of K2,800-3,900 per viss from Shan State (Aungban area) while Kyukok garlic fetched K3,550-3,600 per viss.
The wholesale prices of Chinese potatoes on 11 October were estimated at K2,200-2,250 per viss, while there is no supply of Shan potatoes in the market.
The prices of chilli pepper declined to K13,000 and K18,500 per viss depending on different varieties (Moehtaung, long red chilli (Panye) and green chilli), whereas the newly harvested bell pepper is sold at K17,500 per viss.
The new Pawsan rice varieties are going to enter the market in one month. The demand for old Pawsan rice is dropping. Therefore, the prices of high-grade Pawsan rice dipped.
The prices of low-grade short matured rice (90 days) were K45,000-47,000 per bag. The wholesale prices of Pawsan rice varieties stood at K82,000-91,000 per bag from the Shwebo area, K64,000-67,000 from the Myaungmya area and K60,000-63,000 from the Pyapon area. Meanwhile, the price of the Pawkywel rice variety was stable at K50,000 per bag respectively.
The wholesale reference price of palm oil in the Yangon Region this week (10-16 October) was set at K3,880 per viss, which is down by K140 per viss compared to the last week’s price
On 10 October, palm oil fetched K6,400 per viss in the wholesale market. The prices decreased to K6,200-6,250 per viss on 11 October.
On 11 October, the prices of various pulses stood at over K1,795,000 per tonne of black gram (Fair Average Quality/RC), K2,115,000 per tonne of black gram (Special Quality/RC), K1,975,000 per tonne of pigeon pea (red gram) RC and K4,000-4,200 per viss of chickpea in Yangon markets. —TWA/GNLM