Myanmar: Garlic, which is at the high end of the market, weekly market review of potatoes and other crops including palm oil
Market & Price Trends
Fresh Common Potato
Published Nov 18, 2023
This week, imported kitchen crops like garlic, potatoes, and edible oil are expensive. On the other hand, domestically grown onions and ginger are becoming more affordable. Sugar prices are rising due to low domestic sugar supply and the inability to import from China. Palm oil is still scarce and expensive, with limited availability in stores. The closure of trade routes has affected the market, causing garlic prices to reach record highs and leading to a shortage of supplies. However, the importation of Chinese garlic from the Thai border gate has lowered prices and alleviated the shortage. Onion prices have risen due to increased purchases of Burmese onions from Bangladesh. Prices for potatoes, on the other hand, have remained relatively stable, except for Chinese potatoes, which are being sold at higher prices. The price of sugar has increased slightly due to low domestic sugar balances and a lack of imports from China. The ginger market has been affected by the halt in Myanmar-Bangladesh border trade, resulting in decreased prices. However, the routes being blocked has made it difficult to sell ginger in various places. Overall, the prices of these kitchen crops fluctuate depending on factors such as trade routes, import availability, and domestic production.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
This week, imported kitchen crops, garlic, potatoes Edible oil is at a high price range, domestically grown onions and ginger are falling in price, and sugar prices are rising. Palm oil is still not available in stores as much as needed, and the price index is still at the high price range of 8,000 kyats per pound. Currently, there are not many shops selling palm oil at around 5,000 kyats per pound. In addition, most oil shops sell almost no palm oil, and the main soybean oil, sesame oil They are only selling it as soybean oil. Only the shops that get the palm oil quota are reselling it through customer grocery stores, and they are selling it at 8,000 per pound at retail. As a result of the blockade of the Muse trade route, both domestically produced garlic and Chinese garlic are still on the market. After October 27, when Chinese trade stopped, the price of garlic rose to a record high of 25,000 kyats, leading to a shortage of supplies. Currently, due to the importation of ...