Myanmar: Lemon prices plummet due to speculation by traders

Published 2021년 5월 17일

Tridge summary

Crop prices, particularly lemons, have seen a significant drop due to speculative activities by traders and a unique pricing game by brokers, leading to an oversupply in the market. This has resulted in a significant decline in prices, affecting farmers' income and potentially forcing them to halt harvesting. The current prices are higher than last year, but still unsustainable for farmers. Experts suggest that the market downturn could be mitigated by the production of value-added products, as new markets could emerge for such products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Crop prices have plummeted due to speculation by traders, according to crop market experts. The current lemon market is not good. Yangon, It is also because brokers in Thirimingalar Market and other places are playing a unique game. They are linked by brokers to negotiate prices. Farmers in different areas were asked to compete for the fruits. Farmers from all over the country are exporting at the same time, and the fruits are piled up in the market. At that time, the market was in turmoil. The price is fixed by the brokers. Karen State Soe Gyi, a lemon trader in Kyainseikgyi Township, said. Commercial cultivation of lemons in Myanmar Mon State Bago Division It is mainly cultivated in Ayeyarwady Division. Yangon Nay Pyi Taw Exporting to Mandalay. March every year In April, lemon prices rose. After April, the price of lemons tends to fall again. The rainy season is in June and October. In July, lemon prices tend to be the lowest. The areas where lemons are grown are in Pyapon, ...

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