Weekly kitchen grocery market update

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The picture shows a retail shop of kitchen groceries.

During the week ending 25 October, some food commodities at Bayintnaung Wholesale Market jumped.
Onions were transacted at higher prices in the onion-producing regions on the back of demand by Viet Nam. Therefore, the price of onions was up to K200 per viss on 25 October despite the supply of 180,000 visses of onions two days before then.
The wholesale onion prices from Seikphyu Township increased from K2,900-3,500 on 22 October to K3,000-3,700 per viss on 25 October, and similarly, onions from the Myingyan area also climbed to K3,200-4,000 per viss.
Along with the price rise in regions outside Yangon following the demand from the Viet Nam market, the onion prices in Yangon markets have also risen accordingly.
The garlic was priced at K3,525 per viss in the wholesale market on 21 October and the price increased to K3,800 per viss on 25 October. Meanwhile, Kyukok garlic fetched K3,000-4,000 per viss.
Unlike the high price of Kyukok garlic, the wholesale prices of Chinese potatoes remained unchanged at K2,200 per viss on 25 October, while Shan potato prices were estimated at K1,550-2,000 per viss.
Chilli pepper
On 25 October, the prices of chilli pepper moved in the range of K15,000 and K20,000 per viss depending on different varieties (Moehtaung, long red chilli (Panye) and green chilli), whereas the bell pepper was sold at K20-000-25,000 per viss.
Palm oil
The wholesale reference price of palm oil in the Yangon Region this week (25-30 October) was set at K4,175 per viss, which is down by K215 per viss compared to the last week’s price
On 21 October, the market price of palm oil stood at K6,000 on the back of low demand. Nonetheless, the price jumped to K7,000 per viss on the morning of 22 October after the international financial watchdog added Myanmar to the blacklist. The retail price was around K8,000-9,000 per viss in the evening.
The palm oil fetched K7,000 per viss in the wholesale market on 25 October.
The price of sticky rice went up in the Yangon market and the prices of other rice varieties do not change that much.  The price of high-grade sticky rice from the Pyapon area rose to K78,000 per 102-pound bag, while the sticky rice from the Bogale-Mawgyun area was priced at K70,000 per bag. The old sticky rice was valued at K65,000 per bag.
On 25 October, the prices of broken rice were K38,000-39,000 per bag. The prices of low-grade rice were K40,000 for new rice, K44,000 for rice cultivated under intercropping system and K46,000 for low-grade short-matured rice (90 days). The wholesale prices of Pawsan rice varieties stood at K85,000-91,000 per bag from the Shwebo area, K57,000-61,000 from the Myaungmya and Pathein areas and K55,000-59,000 from the Pyapon area. Meanwhile, the price of the Pawkywel rice variety was K48,000 per bag.
On 25 October, the prices of various pulses stood at over K1,790,000 per tonne of black gram (Fair Average Quality/RC), K2,115,000 per tonne of black gram (Special Quality/RC), K1,990,000 per tonne of pigeon pea (red gram) RC and K4,000-4,250 per viss of chickpea in Yangon markets. — TWA/GNLM

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