June 12, 2017

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Increased Myanmar onion exports improve prices

Labours carry the bags of onion at Bayinnaung Market in Yangon.

Increasing Myanmar onion exports to China and Thailand pushed prices higher during late May, according to Ministry of Commerce statistics published in Myawady newspaper yesterday.
From 20 May to 26 May, 1,205 tons of Myanmar onions worth US$465,000 were exported through Muse border into China and 30 tons worth $12,792 were exported through Myawady border into Thailand, according to the Ministry of Commerce.
Onion prices were high due to high demand in local market and export to Thailand and China, according to an official at a Pakokku Township wholesale market in Magway Region. The official said that nearly 130,000 tons of onions entered the Pakokku wholesale market on a daily basis.
During the rainy season, onions arrive in Pakokku from Yesagyo Township in July and August for sale in November and December. In the cold season onions cultivated in November and December arrive from Pauk Township and are sold in March and April.
Cold season onion yields decreased this year due to the rain during the cultivation period.

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