ONION price is falling again due to the recent influx of goods, according to onion market.

Since the price of onions has dropped a lot compared to last week, there are sales in reduced prices in retail and wholesale markets.

“The price of onions has been falling for about a week, and the prices are being reduced in both wholesale and retail markets. There are many trucks coming in now. The price has dropped much compared to a week ago. It has dropped to about K 1000 - K1500 a viss,” said an official at the Phyo Thakhin onion and garlic warehouse in Danyingon wholesale market, Shwepyitha Township.

The fluctuation of onion prices in the coming months will depend on the arrival of trucks at the Bayintnaung wholesale market, and if the number is less than 15, the price may be good.

“How much the price falls depends on the number of cars arriving at Bayintnaung market. If it is over 20, the price will fall more. Today, 14 trucks arrived. If it is less than 15, the price will bounce back in coming Monday or Tuesday,” he said.

Some farmers and traders were able to sell summer onions at the high price, but some traders still have a lot of onion stocks in their possession. — Thit Taw/ZN