Weekly market update of dry groceries

During the week ending 4 October, the prices of onion, Chinese potato and edible oil went up yet the prices of rice, pulses and Kyukok garlic declined.
Onion
The prices of onions rose last week on low supply. On 30 September, 90,000 visses of onion on 30 September and 48,000 visses of onion on 1 October flowed into the Bayintnaung Wholesale market.
The prices of large onions from the Seikphyu area slightly climbed to K2,600-K2,850 from K2,500-2,750 per viss on 1 October on the low supply.
However, the prices remained unchanged on 2 and 3 October with 180,000 visses of daily supply.
On 4 October, the maximum price of onions was K2,500 per viss at the Seikphyu commodity depot and K2,600 per viss of onions at the Pakokku commodity depot, which decreased from K2,700 per viss recorded in the previous days, according to price data of those two regions.
Garlic
On 4 October, the wholesale prices of garlic from Shan State (Aungban area) moved in the range of K2,800-K3,900 per viss while Kyukok garlic price dropped to K3,450 per viss.
Potato
The price of Chinese potatoes climbed to K2,250 on 4 October, while Shan potatoes were priced at K1,550-K2,000 per viss depending on quality.
Chilli pepper
The prices of chilli pepper moved in the range between K15,000 and K20,000 per viss depending on different varieties (bell pepper, Shankyun, and Moe Htaung chilli pepper varieties) and producing regions.
The market offers six-viss bags of chilli pepper instead of 18-20 visses large bags following the price hike. But buyers could not keep up with the selling price, depot owners said.
Rice
The prices of low-grade rice and broken rice dipped. The prices of high-grade Pawsan varieties were K92,000 per bag from the Shwebo area, K62,000-K63,000 from Pyapon, K68,000-K69,000 from Myaungmya and Pathein areas and K63,000 from other areas. Meanwhile, the prices of short-mature rice (90 days) stood at K46,000-K47,000 per bag. The prices of low-grade rice varieties moved in the range of K39,500-K44,000 per bag respectively.
Palm oil
The wholesale reference price of palm oil in the Yangon Region for a week from 3 to 9 October declined by K640 per viss compared to the last week’s price. The reference price for that week was set at K4,020 per viss.
Consequently, palm oil rebounded in the markets. The wholesale prices gradually rose from K6,000 on 1 October to K6,700 per viss on 4 October.
Pulses
On 4 October, the prices of various pulses stood at over K1,817,000 per tonne of black gram (Fair Average Quality/RC), K2,1327,000 per tonne of black gram (Special Quality/RC), K1,980,000 per tonne of pigeon pea (red gram) RC and K3,950-K4,100 per viss of chickpea in Yangon markets.— TWA/GNLM