Myanmar onions are in high demand

Published Sep 9, 2024

Tridge summary

A trading station in Myanmar is reporting high prices for onions, with the highest price being 12,100 Myanmar Kyats due to strong purchasing power from local and international merchants, including those from Thailand, Vietnam, and Bangladesh. The price fluctuates based on the variety, and the current amount of onions in the market is low, leading to this high price. Despite the pandemic, Myanmar has continued to export onions to several countries, with an average annual export of about 80,000 to 100,000 tons. The country has over 170,000 acres dedicated to onion cultivation in the rainy season, producing approximately 1 million tons of onions annually.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A cargo trading station informed that at the trading station, the highest price of onions is 12,100 Myanmar Kyats. The prices vary depending on the variety. The purchasing power is very strong, and merchants from Myawaddy and Tachileik come to buy. After the onions arrive in Thailand, they also go to Vietnam. People from Bangladesh come to buy them. I don’t know which route they will take. If the purchasing power continues like this, the price may rise. At present, the amount of onions entering the market is not large, but due to the hot trading, the price is high. The Philippines, Vietnam, Laos, Malaysia, China, Thailand and Bangladesh have all purchased Myanmar onions. Before the epidemic, Myanmar ...
Source: Foodmate
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