Rising onion supply brings prices down

Writer: 
Thet Htain Win
Farmers collecting onions last year.
 
As the supply of onions has increased, prices have begun to fall significantly, according to merchants.
The new harvest to the Pakokku market in Magway Region has brought down the prices from K3,000 to K2,400 per viss (1.6 kilograms).
“We received about 40,000 viss of onions on January 8. The current produce is from the inland fields,” said merchant Kyaw Than at Pakokku.
Onions are in inland fields as well as on the fertile alluvial soils beside rivers.
Since August, onions from the fields by the Yaw River have been in demand and the prices used to be as high as K3,200 per viss.
This year, however, the riverbank onion cultivation fell short thanks to untimely rain and floods. Although the river water has receded, farmers face difficulty finding seeds.
A resident at Pauk Township said: “We’re preparing the land after the floodwater is gone. But the onion seeds are scarce and pricey now.”
Over 1,300 acres of onion have been spoiled during the flood and the loss reportedly totals over K2 billion.
Farmers said they were hurt by dropping prices when they had a good harvest and by bad weather when they got a good price.
(US$1 = K1,350)
 
Translated by Nay Thiha