During the week ending 6 September, the prices of onion and Kyukok garlic varieties fell again. Local Shan potato supply is quite low and Chinese potato surpassed them at a high price. Chilli pepper price rose by K2,000 per viss (a viss equals 1.6 kilogrammes). Meanwhile, palm oil reference price rose and the market is quite slow moving with the high price.
On 2 September, onion prices hit the highest in history in the Yangon market. However, the price dropped by K150-300 on 5 September owing to the price differences between Yangon and other regions and states, low quality in the Yangon market and supply of 200,000 visses of onions to the Yangon market without demand from the border. On 6 September, only 120,000 visses of onions entered the market. The market prices stood at K2,750 -3,500 per viss of onions from Seikphyu Township and K3,000-3,700 per viss of onions from Monywa Township on 6 September.
On 6 September, the wholesale prices of garlic moved in the range of K2,800-4,200 per viss from Shan State (Aungban area) while Kyukok garlic fetched K4,400 per viss. In the previous days, Kyukok garlic was priced at K4,800 per viss.
The Bayintnaung market saw an abundant supply of Chinese potato and a small supply of local Shan potato. The prices of Chinese potato on 6 September were higher to K2,050-2,150 per viss from K1,950-2,000 per viss recorded in the previous days. Shan potato were priced at K1,350-2,150 per viss depending on quality and size.
The prices of chilli pepper were constant at K14,000-15,000 per viss last week. During a week ending on 6 September, the price increased by K2,000 per viss in the market. The prices of chilli pepper moved in the range of K16,000 and K17,500 per viss depending on different varieties (Moehtaung, long red chilli (Panye) and green chilli), whereas the bell pepper is sold at K11,000-12,000 per viss.
The wholesale reference price of palm oil in the Yangon Region for a week from 5 to 11 September is set at K5,220 per viss, which is up by K310 per viss this week compared to the last week’s price.
The palm oil wholesale prices in the markets slipped to K9,400-9,500 per viss on 6 September yet the trading is sluggish. Consumers prefer 18-litre jerry cans or tin oil cans in the markets.
The low-grade monsoon paddy started to enter the market. The rice prices are still stable on the high side. The wholesale prices of Pawsan rice varieties were K85,000-91,000 per bag from the Shwebo area, K68,000-70,000 from the Myaungmya area and K65,000-68,000 from the Pyapon area. Meanwhile, the prices of the Pawkywe rice variety are K52,000-54,000. The prices of low-grade rice varieties touched a high of K49,000-50,000 for short matured rice (90 days) and K42,000-43,000 for rice grown under multiple cropping.
Black gram and pigeon pea
On 6 September, the prices of black gram and pigeon peas stood at over K1,953,000 per tonne of black gram (Fair Average Quality/RC), K2,268,000 per tonne of black gram (Special Quality/RC) and K2,175, 000 per tonne of pigeon peas (red gram) RC in Yangon markets.— TWA/GNLM