Myanmar onion price hikes due to the Indian onion export ban

When the Indian Government announced the onion export ban in mid- September, a lot of Bangladeshi onion traders turned to Myanmar for onions. In the Mandalay wholesale market, the local onion price increases from MMK 450 per viss to MMK 800 per viss within two days. The local farmers assume that the price can rise up to MMK 1500 per viss or more. Thus exporters are holding their stock