Domestic onion price rises due to demand from Bangladesh

DUE to the higher demand for Myanmar onion from Bangladesh, the domestic onion price has risen in the market, according to Mandalay onion traders.

In the early harvested time in March, the onion price was ranging from K250-K300 per viss. So, the growers had faced the loss. Then, the domestic onion price had hit a lowest of K200 per viss because the onion couldn’t be export to China market due to the pandemic.

Bangladesh usually imports onions from India. Now, India has suspended exports of onions to Bangladesh. So, Bangladesh is importing onions from Myanmar.

Now, the onion price has increased to K500 per viss due to demand from Bangladesh. Currently, there is less stock of onion in the Mandala market. So, the merchants are now selling them at K700 per viss as the retail price.

The onions are primarily grown in Mandalay, Magway and Yangon regions, Nay Pyi Taw and Shan State. — ACM/ GNLM