Myanmar: Exports blocked, the price of ginger plummeted several times

Published Aug 7, 2023

Tridge summary

The price of Burmese ginger initially dropped due to poor export, falling by about 5,000 kyats per drag. However, starting in May, the price of ginger increased to 5,000 kyats per 1,000 kyats before rising further in June and early July due to large purchases from Bangladesh, reaching 7,000 kyats per 1,000 kyats. As Bangladesh suspended its purchase of ginger, the price fell again in August, reaching a minimum of 2,000 kyats per drag.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of Burmese ginger fell due to poor export, and the price fell by about 5,000 kyats per drag. the Beginning in May, the price of ginger rose to 5,000 kyats per 1,000 kyats. Later, in June and early July, due to the large purchases from Bangladesh, the price of ginger rose further, reaching 7,000 kyats per 1,000 kyats. the After entering August, the price of ginger fell, and 1 drag fell to a minimum of 2,000 kyats, which was about 5,000 kyats lower than the previous 7,000 kyats. the In order to meet its domestic demand for ginger, Bangladesh charged high prices two months ago and purchased a large amount of ginger, but now ...

Source: Foodmate