December 07
During the week from 30 November to 6 December, the prices of both old onions and new stocks hit a record high. The market price of palm oil extended its decline.
Onion
On 6 December, Bayintnaung Wholesale market saw the entry of newly harvested monsoon onions.
The wholesale prices of old onions from the Myingyan area peaked at K5,100 per viss on 2 December. Approximately 100,000 tonnes of new onions from the Myittha area were supplied to the Bayintnaung Wholesale Market on 5 December. The new onions are valued at K2,900-4,100 per viss from the Myingyan area and K3,650-4,650 from the Myittha area on 6 December. The prices of Chinese onions were K1,700-3,300 per viss during the week ending 6 December.
Garlic
The wholesale price of the Kyugoat garlic variety remained unchanged at K3,300 per viss on 6 December, while the local garlic from Shan State (Aungban) fetched K2,800-3,900 per viss.
Potato
The markets saw a high influx of Chinese potatoes these days. On 6 December, the prices of Chinese potatoes stood at K1,650-2,250 per viss, while the prices of Shan potatoes moved in the range between K1,750 and 2,150 per viss.
Chilli pepper
The wholesale prices of chilli peppers were K13,000-13,500 per viss of Shan long chilli pepper and K12,000-13,000 for the Moehtaung variety. The prices of bell peppers were K28,000 per viss from the Sinphyukyun area and K31,000 provided by cold storage.
Palm oil
The wholesale reference price of palm oil in the Yangon Region this week was up by K205 per viss compared to the last week’s price. The reference price for a week from 5 to 11 December was set at K4,630 per viss. The delivery order price in the Yangon market was K5,450 per viss between 28 November and 5 December.
Consequently, the wholesale prices of palm oil slid to K5,350 per viss on 6 December. There is a gap of K720 between the reference price and the delivery order price.
Rice
The prices of sticky rice from the Pyapon area stood at K90,000, K85,000 from the Pathein area and K80,000 from other areas.
Meanwhile, the prices of high-grade Pawsan stood at K90,000-95,000 per bag from the Shwebo area, K68,000-70,000 from Pathein/Myaungmya area and K65,000 from the Pyapon area, while other rice varieties were K56,000 for new Pawsan rice, K53,000 for Pawkywe, K50,000-51,000 of short-mature rice (90 days), K47,000-48,000 for rice grown under intercropping system and K42,000 for monsoon low-grade rice.
Pulses
The prices of various pulses stood at over K1,712,000 per tonne of black gram (Fair Average Quality/RC), K1,942,500 per tonne of black gram (Special Quality/RC), K1,835,000 per tonne of pigeon pea (red gram) RC, K3,900 -4,100 per viss of chickpea and K2,830-3,000 per viss of green gram (Kayan Shwe Wah variety) in Yangon markets. —TWA/EMM
