Although Bangladesh purchased onion in bulk from Myanmar, there remains abundant stock of onion in the local market, according to Bayintnaung Onion Wholesale Depot.
A few days ago, the onion price was on the rise in the local market because Bangladesh was buying Myanmar onion.
“There still remains abundant stock of onion in the local market despite high Bangladesh demand for the onion. As the Ruili border with China is locked down, border trade has halted, and trucks which transported goods have been forced to turn back, resulting in many stock of onion remaining in the market,” said an onion trader.
At that time, the price of onion suddenly rose to K400-550 per viss as there was a high demand for the local onion by Bangladesh.
At present, the onion price rose to K600-650 per viss from K550 viss in Mandalay online market. —Aye Maung
(Translated by Hay Mar)
